| (a) The commissioner adopts the Consumer Bill of Rights
for Credit Life, Credit Disability, and Credit Involuntary Unemployment
Insurance. All insurers writing credit life, credit disability, and
credit involuntary unemployment insurance policies must provide with
each new policy and certificate of credit life, credit disability,
and credit involuntary unemployment insurance a copy of the Texas
Department of Insurance Consumer Bill of Rights for Credit Life, Credit
Disability, and Credit Involuntary Unemployment Insurance. The Consumer
Bill of Rights for Credit Life, Credit Disability, and Credit Involuntary
Unemployment Insurance must accompany each renewal notice for credit
life, credit disability, and credit involuntary unemployment insurance
unless the current version of the form has been previously provided
to the insured by the insurer.
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(b) Insurers may reproduce the Consumer Bill of Rights
for Credit Life, Credit Disability, and Credit Involuntary Unemployment
Insurance for the distribution required by subsection (a) of this
section. Alternatively, insurers may generate it on their own equipment.
If the Consumer Bill of Rights for Credit Life, Credit Disability,
and Credit Involuntary Unemployment Insurance is generated by the
insurers, it must appear in no less than 10-point font and be on separate
pages with no other text on those pages.
(c) The commissioner adopts the Spanish language version
of the Consumer Bill of Rights for Credit Life, Credit Disability,
and Credit Involuntary Unemployment Insurance. The Spanish language
version of the Consumer Bill of Rights for Credit Life, Credit Disability,
and Credit Involuntary Unemployment Insurance must be provided to
any consumer who requests it from the insurer.
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(d) Insurers may reproduce the Spanish language version
of the Consumer Bill of Rights for the distribution required by subsection
(c) of this section. Alternatively, insurers may generate the form
on their own equipment. If the form is generated by the insurers,
it must appear in no less than 10 point font and be on separate pages
with no other text on those pages.
(e) This section applies to all credit life, credit
disability, and credit involuntary unemployment insurance policies
offered, issued, renewed, or delivered after November 25, 2013.
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| Source Note: The provisions of this §3.6011 adopted to be effective October 1, 1993, 18 TexReg 6546; amended to be effective October 21, 1994, 19 TexReg 8039; amended to be effective June 18, 2003, 28 TexReg 4558; amended to be effective November 25, 2012, 37 TexReg 9093; amended to be effective November 5, 2013, 38 TexReg 4750 |
