Texas Insurance Code 542.101 – Request by Named Insured Under Liability Insurance Policy
(a) In this section, “liability insurance” means:
(1) general liability insurance;
(2) professional liability insurance, including medical professional liability insurance;
(3) commercial automobile liability insurance; and
(4) the liability portion of commercial multiperil insurance.
(b) On written request of a named insured under a liability insurance policy, the insurer that wrote the policy shall provide to the insured information relating to the disposition of a claim filed under the policy. The information must include:
(1) the name of each claimant;
(2) details relating to:
(A) the amount paid on the claim;
(B) settlement of the claim; or
(C) judgment on the claim;
(3) details as to how the claim, settlement, or judgment is to be paid; and
(4) any other information required by rule of the commissioner that the commissioner considers necessary to adequately inform an insured with regard to any claim under a liability insurance policy.
Terms Used In Texas Insurance Code 542.101
- Rule: includes regulation. See Texas Government Code 311.005
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
(c) A request for information under this section must be transmitted to the insurer not later than six months after the date of disposition of the claim.