Sec. 2210.2031. AUTOMATIC RENEWAL. (a) The association shall establish a process for automatic renewal of a policy in accordance with this section.
(b) The process established under Subsection (a) must:
(1) provide for the association to verify:
(A) the declination required by Section 2210.202;
(B) flood insurance coverage required by Section 2210.203; and
(C) any other information related to insurability of a property, including changes to the condition or value of the property that would affect the availability of coverage or premium cost to insure the property; and
(2) provide an opportunity for the policyholder to elect to cancel the policy before the policy automatically renews.
Added by Acts 2019, 86th Leg., R.S., Ch. 525 (S.B. 615), Sec. 8, eff. September 1, 2019.
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