| (a) All residential property insurance policy declarations
pages must list and identify each type of deductible in the policy,
including applicable endorsements, and state the exact dollar amount
of each deductible. To identify a deductible, the insurer must provide
a brief description, such as "Wind and Hail," "Earthquake," or "Jewelry."
(b) If a residential property insurance policy or endorsement
contains a provision that may cause the exact dollar amount of a deductible
under the policy to change, the declarations page or a separate disclosure
page must identify or include a written disclosure that clearly identifies
the applicable policy provision or endorsement. The policy provision
or endorsement must explain how any change in the applicable deductible
amount is determined. To identify the applicable policy provision
or endorsement, the insurer must provide a brief description and reference,
such as "Inflation Adjustments: See page 1, Section A.2.a."
(c) Insurers may provide disclosures under this section
on a separate disclosure page. The separate disclosure page must follow
immediately after the declarations page.
(d) A declarations page and a separate disclosure page
may each consist of more than one page.
(e) Insurers must issue a declarations page at renewal
if the dollar amount of a deductible changes on the declarations page
or separate disclosure page. Alternatively, insurers may issue a renewal
certificate that meets the requirements of this rule and Insurance
Code §2301.056.
(f) Insurers and agents that provide separate disclosure
pages must include them with the declarations page each time they
provide a declarations page, as defined in §5.9327 of this title
(relating to Residential Property Declarations Page Forms), to a policyholder.
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