§41.1. Notification of changes in policy provisions at renewal; penalties
Notwithstanding any other provision of law, insurers shall provide each policyholder
with a written notification outlining any reduction in coverage in policy provisions at
renewal. Any insurer that fails to comply with this Section may be subject to administrative
penalties as determined by the commissioner, to include but not be limited to revocation,
suspension of license, fines, sanctions, or any other penalty provided to the commissioner
pursuant to this Title.
Acts 2016, No. 596, §1, eff. Jan. 1, 2017.