Tex. Ins. Code Section 2002.103
Disclosure Regarding Flood Coverage Required


(a)

In this section:

(1)

“Commercial property insurance” has the meaning assigned by Section 2301.002 (Definitions), except that the term includes a commercial multiperil insurance policy that provides commercial property insurance coverage.

(2)

“Residential property insurance” has the meaning assigned by Section 2301.002 (Definitions), except that the term includes a farm and ranch insurance policy and a farm and ranch owners insurance policy.

(b)

This section applies to each insurer authorized to engage in the business of commercial or residential property insurance in this state, including a county mutual insurance company, farm mutual insurance company, Lloyd’s plan, and reciprocal or interinsurance exchange.

(c)

An insurer that issues or renews a commercial or residential property insurance policy that does not provide coverage against loss caused by flooding shall include with the policy documents provided to the policyholder at the time the policy is issued or renewed the following statement:
“Flood Insurance: You may also need to consider the purchase of flood insurance. Your insurance policy does not include coverage for damage resulting from a flood even if hurricane winds and rain caused the flood to occur. Without separate flood insurance coverage, you may have uncovered losses caused by a flood. Please discuss the need to purchase separate flood insurance coverage with your insurance agent or insurance company, or visit www.floodsmart.gov.”

(d)

The statement described by Subsection (c) must be conspicuous, as defined by Section 1.201 (General Definitions), Business & Commerce Code.

(e)

An insurer’s failure to comply with this section does not invalidate any exclusion, including a flood exclusion, in an insurance policy subject to this section.
Added by Acts 2019, 86th Leg., R.S., Ch. 332 (S.B. 442), Sec. 1, eff. September 1, 2019.

Source: Section 2002.103 — Disclosure Regarding Flood Coverage Required, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2002.­htm#2002.­103 (accessed Jun. 5, 2024).

2001.001
Applicability of Subtitle
2001.002
Rates
2001.003
Authority to Require Sworn Statements
2001.004
Authority to Inspect and Take Testimony Regarding Records
2001.005
Authority to Require Provision of Data
2001.006
Report of Information Relating to Certain Fire Losses
2001.007
Criminal Penalty
2001.008
Immunity from Prosecution
2001.009
Limitation on Compensation and Expenses
2001.010
Public Guide Relating to Commercial Property Rating
2002.001
Policy Form or Endorsement Making Material Change to Policy
2002.002
Lien on Insured Property
2002.003
Coverages for Spouses and Former Spouses
2002.004
Jewelry Coverage
2002.005
Coinsurance Clauses
2002.006
Provisions Governing Certain Conditions or Risks
2002.051
Policy Forms and Endorsements for Residential Property Insurance
2002.052
Applicability of Other Law to Residential Property Insurance
2002.101
Rate Analysis
2002.102
Notice of Renewal
2002.103
Disclosure Regarding Flood Coverage Required
2003.001
Fire Loss Information
2003.002
Fire Suppression Ratings for Border Municipalities
2003.003
Credit for Reducing Fire Hazard
2003.004
Policyholder Credit for Reducing Hazard
2003.051
Annual List of Insured Fire Losses by Municipality
2003.052
Municipality’s Request for List
2003.053
List Corrections
2003.054
Charge for List and Fire Record System
2003.055
Department Authority to Require Provision of Fire Loss Information
2003.056
Discretionary Provision of List
2003.101
Definitions
2003.102
Right to Voluntary Inspection of Property Condition
2003.103
Plan of Operation
2003.104
Eligible Inspectors
2003.105
Presumption of Insurability
2003.106
Enforcement
2003.107
Rules
2004.001
Definition
2004.002
Designation of Underserved Areas
2004.003
Authorization for Issuance of Insurance
2004.004
Exclusion of Certain Coverage
2004.005
Availability of Coverage
2004.006
Policy Forms
2004.007
Inapplicability of Certain Laws to Premiums
2004.008
Rates
2005.001
Definitions
2005.002
Authorization to Write Certain Insurance
2005.003
Manner of Regulation
2005.004
Limits of Coverage
2006.001
Definitions
2006.002
Optional Premium Discount
2006.003
Property Inspection
2006.004
Premium Discount
2006.005
Rules
2006.051
Definitions
2006.052
Optional Premium Discount
2006.053
Approval of Certain Actuarially Justified Premium Discounts and Rating Programs
2006.054
Limit on Premium Discount
2006.055
Rules and Guidelines
2006.0521
Compliance with Other Law Required
2007.001
Applicability of Chapter
2007.002
Assessment
2007.003
Determination of Assessment
2007.004
Dates of Assessment and Payment
2007.005
Recovery of Assessment
2007.006
Notice to Policyholders
2007.007
Volunteer Fire Department Assistance Fund
2007.008
Rules
2008.001
Applicability of Chapter
2008.002
Coverage

Accessed:
Jun. 5, 2024

§ 2002.103’s source at texas​.gov