An insurer shall provide a written statement of the reason for a declination of a completed and submitted application for an insurance policy or a cancellation or nonrenewal of an insurance policy. The statement must comply with:

1. (1) Sections 551.002(b) and (c); and
2. (2) rules adopted under Section 551.002(d).

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.

Acts 2025, 89th Leg., R.S., Ch. 940 (H.B. 2067), Sec. 7, eff. January 1, 2026.