Tex. Ins. Code § 2006.052 · Subchapter B. OPTIONAL PREMIUM DISCOUNTS AND RATING PROGRAMS FOR CERTAIN RESIDENTIAL PROPERTY INSURANCE POLICIES
OPTIONAL PREMIUM DISCOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by Section 2006.053, an insurer that issues a residential property insurance policy may:
(1) discount the premiums that would otherwise be charged for the policy by not less than three percent if the policyholder:
(A) has continuously been a residential property insurance policyholder with the insurer or an affiliate of the insurer; and
(B) has not filed a residential property insurance claim during the three years before the effective date of the policy; and
(2) increase the amount of the discount by one percent for each subsequent year in which the policyholder:
(A) has been a residential property insurance policyholder with the insurer or an affiliate of the insurer; and
(B) has not filed a residential property insurance claim.
(b) This section applies to an insurer that uses a tier classification or discount program that has a premium consequence based in whole or in part on claims experience, regardless of whether any of the policies that continuously covered the policyholder was a different kind of residential property insurance policy from the policy eligible for the premium discount.
(c) A residential property insurance claim under this section does not include a claim:
(1) resulting from a loss caused by natural causes;
(2) that is filed but is not paid or payable under the policy; or
(3) that an insurer is prohibited from using under Section 544.353.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.040(a), eff. September 1, 2007.
Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.040(a), eff. September 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.2006.htm
- Text hash
- sha256 b06422ab1ebb89c6d3c7bf0caee1eb5389a85db1f72b8d9e8deea57c4dbcf861
- 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
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