Tex. Ins. Code § 2003.004 · Subchapter A. EVALUATING FIRE LOSS RISK
POLICYHOLDER CREDIT FOR REDUCING HAZARD.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner may require an insurer to give credit to a policyholder for a hazard that the policyholder reduces or removes.
(b) For purposes of this section, the following actions constitute a reduction in hazard by a policyholder:
(1) the installation of a new standard fire hydrant approved by the department within the required distance of a risk, as prescribed by the department; or
(2) the use of compressed air foam technology in fire-fighting equipment.
(c) The insurer shall give credit in the proportion that the hazard is reduced or removed and shall refund to the policyholder the proportional part of the unearned premium charged for the hazard that is reduced or removed.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2003.htm
- Text hash
- sha256 63bb34bcb9d20d29d85b5f689a05a84e38ace9dd1173cdeb660bc4692d340347
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.