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The Texas Department of Insurance proposes amending 28 TAC §5.7015 to ensure that companies refund any unearned premiums when a personal automobile or residential property policy is cancelled. Companies must also calculate unearned premiums on a pro rata basis. In effect, the changes would prohibit insurers from keeping unearned premiums through "short rate" provisions.
View the proposal for the full text and how to submit comments. For other related dates and documents, visit TDI’s Proposed and Adopted Rules for 2025 webpage.
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