Tex.
Ins. Code Section 1701.005
Exemptions
(a)
This chapter does not apply to:(1)
a rider or endorsement that is used at the request of the holder of a policy, contract, or certificate subject to this chapter and that relates to:(A)
the manner of distribution of benefits under the policy, contract, or certificate; or(B)
the reservation of rights and benefits under the policy, contract, or certificate; or(2)
the modification of a previously approved insurance policy form for the sole purpose of adding the statement required by Section 154.2021 (Requirements for Insurance Policies)(a)(3), Finance Code.(b)
The commissioner by written order may exempt a document from the requirements of this chapter for the period the commissioner considers proper if the commissioner determines that:(1)
this chapter may not practically be applied to the document;(2)
the document’s preparation, use, and meaning have become routine or commonplace; or(3)
the filing and approval of the form of the document are not desirable, appropriate, required, or necessary for the protection of the public.
Source:
Section 1701.005 — Exemptions, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1701.htm#1701.005 (accessed Apr. 29, 2024).
