A new law in Texas requires insurers to deliver personal auto or residential policies to insured's, or to the insurer's agents for delivery to insureds, within the following timeframes:
- Not later than the 30th day after the policy's effective date if the policy term is more than 30 days;
- Not later than the 10th day after the effective date if the term is more than 10 days and less than 31 days; or
- Within the policy period for a policy with a term of 10 days or less.
This bill also requires an insurer to deliver a policy renewed or amended by the insurer to the policyholder or the insurer's agent not later than the 15th day after the date the insurer or insurer's agent receives a written request for the policy from the policyholder.
The law takes effect Sept. 1, 2015.
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