1. (a) "Residential property insurance" means insurance against loss to real or tangible personal property at a fixed location provided in a homeowners policy or residential fire and allied lines policy.
2. (b) An insurer may not decline to write residential property insurance based on the age of the property sought to be insured. This provision does not prohibit an insurer from declining to write coverage based on physical conditions of the property, including wiring, heating, air conditioning, plumbing, and roofing. This provision shall not prohibit the Texas Windstorm Insurance Association from requiring, in accordance with the provisions of Article 21.49 of the Insurance Code, different building code standards to qualify for coverage based on the date that the structure was constructed, repaired, or additions were made.
3. (c) An insurer may not decline to write residential property insurance based on a minimum value of the property sought to be insured.
4. (d) This rule takes effect September 1, 1997.

Source Note:The provisions of this §21.1006 adopted to be effective September 1, 1997, 22 TexReg 6645.