Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 22 - PRIVACY
Subchapter A - INSURANCE CONSUMER FINANCIAL INFORMATION PRIVACY
Section 22.5 - Examples of Continuing Relationship
Universal Citation: 28 TX Admin Code § 22.5
Current through Reg. 50, No. 13; March 28, 2025
(a) The following examples illustrate situations where a consumer has a continuing relationship with a covered entity:
(1) the
consumer is a current policyholder of an insurance product issued by or through
the covered entity; or
(2) the
consumer obtains financial, investment or economic advisory services relating
to an insurance product or service from the covered entity for a fee.
(b) The following examples illustrate situations where a consumer does not have a continuing relationship with a covered entity:
(1) the consumer
applies for insurance but does not purchase the insurance;
(2) the covered entity sells the consumer
insurance in an isolated transaction involving single-event types of coverage
including, but not limited to, auto rental liability, travel, and short-term
non-resident auto liability insurance;
(3) the individual is no longer a current
policyholder of an insurance product or no longer obtains insurance services
with or through the covered entity;
(4) the consumer is a beneficiary or claimant
under a policy even though the consumer has submitted a claim under a policy
choosing a settlement option involving an ongoing relationship with the covered
entity;
(5) the consumer is a
beneficiary or a claimant under a policy and has submitted a claim under that
policy choosing a lump sum settlement option;
(6) the customer's policy is lapsed, expired,
or otherwise not in force, and the covered entity has not communicated with the
customer about the relationship for a period of 12 consecutive months, other
than annual privacy notices, material required by law or regulation,
communication at the direction of a state or federal authority, or promotional
materials;
(7) the individual is an
insured or an annuitant under an insurance policy or annuity, respectively, but
is not the policyholder or owner of the insurance policy or annuity;
or
(8) the individual's last known
address according to the covered entity's records is deemed invalid, which
occurs when:
(A) mail sent to that address by
the covered entity has been returned by the postal authorities as
undeliverable, and
(B) subsequent
attempts by the covered entity to obtain a current valid address for the
individual have been unsuccessful.
Disclaimer: These regulations may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.