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TITLE 28 - INSURANCE
PART 1 - TEXAS DEPARTMENT OF INSURANCE
CHAPTER 5 - PROPERTY AND CASUALTY INSURANCE
SUBCHAPTER Q - GENERAL PROPERTY AND CASUALTY RULES
SECTION/RULE §5.9750 - Notice of Material Change-Applicability and Examples
Chapter Review Date 06/08/2021

(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.

Source Note: The provisions of this §5.9750 adopted to be effective February 12, 2020, 45 TexReg 909.

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