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Tex. Ins. Code § 542.007

COMPARISON OF CERTAIN INSURERS TO MINIMUM STANDARD OF PERFORMANCE; INVESTIGATION

Known as the Unfair Claim Settlement Practices Act

The act spans §§ 542.001 to 542.014 (14 sections).

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff

(a) The department shall compile the information received from an insurer under Section 542.006 in a manner that enables the department to compare the insurer's performance to a minimum standard of performance adopted by the commissioner.

(b) If the department determines that the insurer does not meet the minimum standard of performance, the department shall investigate the insurer to determine the reason, if any, that the insurer does not meet the minimum standard.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.