§ 551.051 Definitions
§ 551.052 Cancellation Prohibited; Exceptions
§ 551.053 Written Notice of Cancellation Required
§ 551.054 Written Notice of Nonrenewal Required
§ 551.055 Reason for Cancellation or Nonrenewal Required
§ 551.056 Changes to Policy On Renewal
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Terms Used In Texas Insurance Code Chapter 551 > Subchapter B - Cancellation and Nonrenewal of Certain Liability and Commercial Property Insurance Policies

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Fraud: Intentional deception resulting in injury to another.
  • Property: means real and personal property. See Texas Government Code 311.005
  • sworn: includes affirm or affirmed. See Texas Government Code 312.011
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
  • Year: means 12 consecutive months. See Texas Government Code 311.005