Texas Insurance Code 1903.051 – Loss Control Information Required
Current as of: 2024 | Check for updates
|
Other versions
(a) Before writing professional liability insurance, including medical professional liability insurance, for insureds other than hospitals or general liability insurance in this state, an insurer must provide to the insurer’s policyholders loss control information reasonably commensurate with the risks, exposures, and experience of the insured’s business.
(b) To provide the information described by Subsection (a) or services, the insurer may:
(1) employ qualified personnel;
(2) retain qualified independent contractors;
(3) contract with the policyholder to provide qualified loss control personnel and services; or
(4) use a combination of methods described by this subsection.
Terms Used In Texas Insurance Code 1903.051
- Contract: A legal written agreement that becomes binding when signed.
