Bill Text: TX HB2601 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Relating to named driver policy disclosure requirements.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2019-04-30 - Committee report sent to Calendars [HB2601 Detail]
Download: Texas-2019-HB2601-Introduced.html
86R6294 SCL-F | ||
By: Lucio III | H.B. No. 2601 |
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relating to named driver policy disclosure requirements. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 1952.0545, Insurance Code, is amended by | ||
amending Subsections (b) and (c) and adding Subsection (c-1) to | ||
read as follows: | ||
(b) Before accepting any premium or fee at the inception or | ||
renewal of [ |
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including a county mutual insurance company, must make the | ||
following disclosure, [ |
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insured: | ||
WARNING: A NAMED DRIVER POLICY DOES NOT PROVIDE COVERAGE FOR | ||
INDIVIDUALS RESIDING IN THE INSURED'S HOUSEHOLD THAT ARE NOT | ||
NAMED ON THE POLICY. | ||
(c) Before accepting any premium or fee at the inception or | ||
renewal of [ |
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including a county mutual insurance company, must receive a copy of | ||
the disclosure described by Subsection (b) that is signed by the | ||
applicant or insured. | ||
(c-1) A signature required by this section must be an | ||
original signature or an electronic signature that complies with | ||
Chapter 322, Business & Commerce Code, and Chapter 35 of this code. | ||
SECTION 2. Section 1952.0545(e), Insurance Code, is | ||
repealed. | ||
SECTION 3. The change in law made by this Act applies only | ||
to an insurance policy that is delivered, issued for delivery, or | ||
renewed on or after January 1, 2020. A policy delivered, issued for | ||
delivery, or renewed before January 1, 2020, is governed by the law | ||
as it existed immediately before the effective date of this Act, and | ||
that law is continued in effect for that purpose. | ||
SECTION 4. This Act takes effect September 1, 2019. |