This chapter applies only to aircraft hull and aircraft liability insurance.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
If the commissioner finds that a public need exists to regulate the insurance subject to this chapter, the commissioner by order may require each insurer issuing that insurance in this state to file with the department each policy form and endorsement the insurer uses to write the insurance.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
(a) The commissioner may disapprove the use of a policy form or endorsement filed under this chapter.
(b) After the commissioner disapproves a policy form or endorsement, an insurer may not use the form or endorsement.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
(a) A contract or other agreement is void if the contract or agreement is not written into:
(1) the application for an insurance policy subject to this chapter; or
(2) the policy.
(b) A contract or other agreement that is void under Subsection (a) is:
(1) a violation of this chapter; and
(2) sufficient cause to revoke the insurer's certificate of authority to write aircraft insurance in this state.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
When the commissioner acts under this chapter, the commissioner may adopt any rules that are necessary to carry out the provisions of this chapter or Chapter 251 or 256 .
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.