The Commissioner of Insurance, by Commissioner's Order No. 02-1269, has adopted 28 TAC §21.1007. The new rule addresses the use of an unfair underwriting guideline and promotes the affordability and availability of residential property insurance by prohibiting insurers from the use of an underwriting guideline based solely upon a single prior claim for water damage either by the consumer or on the property sought to be insured in making a decision regarding the writing of residential property insurance.
The rule provides that failure to comply constitutes a violation of Insurance Code Article 21.21.
The Commissioner's Order and full text of the new rule may be accessed on our web site as follows:
The above rule is effective December 26, 2002. Any questions regarding this bulletin may be directed to Gary Julian at 512-322-2266 or Gary.Julian@tdi.state.tx.us.
Marilyn Hamilton, Associate Commissioner
Property & Casualty Program, MC 104-PC