Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 5 - PROPERTY AND CASUALTY INSURANCE
Subchapter H - CANCELLATION, DENIAL, AND NONRENEWAL OF CERTAIN PROPERTY AND CASUALTY INSURANCE COVERAGE
Division 1 - GENERAL PROVISIONS
Section 5.7018 - Notice to Lienholders
Current through Reg. 50, No. 13; March 28, 2025
(a) For a personal automobile policy that includes comprehensive or collision physical damage coverage for an automobile that is subject to a purchase money lien, insurers must give written notice to the lienholder, if known, at least 10 days before the insurer:
(b) Cancellation or nonrenewal of a policy may not take effect earlier than the 10th day after the insurer sends written notice of the cancellation or nonrenewal to the lienholder.
(c) Notice may be given by mail, hand delivery, or electronically if the notice complies with Chapter 35 of the Texas Insurance Code.
(d) A lienholder may opt out of the notice requirement or agree to different notice requirements with an insurer.