28 Tex. Admin. Code § 5.7018 - Notice to Lienholders
(a) For a
personal automobile policy that includes comprehensive or collision physical
damage coverage for an automobile that is subject to a purchase money lien,
insurers must give written notice to the lienholder, if known, at least 10 days
before the insurer:
(1) cancels coverage;
or
(2) nonrenews the
policy.
(b) Cancellation
or nonrenewal of a policy may not take effect earlier than the 10th day after
the insurer sends written notice of the cancellation or nonrenewal to the
lienholder.
(c) Notice may be given
by mail, hand delivery, or electronically if the notice complies with Chapter
35 of the Texas Insurance Code.
(d)
A lienholder may opt out of the notice requirement or agree to different notice
requirements with an insurer.
Notes
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