<<Prev Rule | Texas Administrative Code |
Next Rule>> |
TITLE 28 | INSURANCE |
PART 1 | TEXAS DEPARTMENT OF INSURANCE |
CHAPTER 25 | INSURANCE PREMIUM FINANCE |
SUBCHAPTER C | OPERATIONS |
RULE §25.55 | Notification to Insured of Offset |
An insurance premium finance company may not offset monies paid to an insured by mistake unless it notifies the insured that it is offsetting against an insured's account. The insurance premium finance company shall preserve a copy of such notice in the individual file of the insured. |
Source Note: The provisions of this §25.55 adopted to be effective May 17, 1995, 20 TexReg 3337. |