(a) The association shall establish a process for automatic renewal of a residential property 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 § 2210.202;
(B) flood insurance coverage required by § 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.