This is a clone of the Texas Administrative Code (TAC) for educational purposes. It is not the official version and should not be used for legal purposes. Site created Wed, 21 May 2025 21:16:49 GMT
(a) A notice of material change is not a notice of cancellation or nonrenewal. Instead, it is a notice provided under:(1) Insurance Code §551.1055;(2) Insurance Code §2002.001; or(3) Insurance Code §2002.102.(b) This section, §5.9751 and §5.9752 of this title (relating to Notice of Material Change-Requirements and Notice of Material Change-Change from Replacement Cost to Actual Cash Value) apply to policies and insurers that are subject to Insurance Code Chapter 551, Subchapter C; and Chapter 2002.(c) Examples of material changes include:(1) changes from replacement cost to actual cash value;(2) reductions in policy limits;(3) increases in deductibles; or(4) reductions in coverage, including:(A) limiting the people or entities insured under the policy;(B) removing an item or act that was previously covered under the policy; or(C) limiting the types of coverage under the policy.