CHAPTER 706. IDENTITY THEFT INSURANCE
INSURANCE CODE
TITLE 5. PROTECTION OF CONSUMER INTERESTS
SUBTITLE F. INSURANCE FRAUD AND IDENTITY THEFT
CHAPTER 706. IDENTITY THEFT INSURANCE
Sec. 706.001. DEFINITIONS. (a) The definitions adopted under
Sections 2251.002 and 2301.002 and the terms described by
Sections 2251.003 and 2301.003 apply to this chapter.
(b) In this chapter, "identity theft" means a criminal offense
described by Section 32.51, Penal Code, or a substantially
similar federal law or law in another state.
Added by Acts 2005, 79th Leg., Ch.
102, Sec. 3, eff. September 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch.
730, Sec. 2D.017, eff. April 1, 2009.
Sec. 706.002. COVERAGE AUTHORIZED. (a) An insurer authorized
to write property and casualty insurance in this state may offer
and issue insurance coverage for a loss suffered by a
policyholder as a result of the policyholders' being a victim of
identity theft or attempted identity theft.
(b) Coverage authorized by Subsection (a) may be:
(1) offered as a separate insurance policy or as a rider or
endorsement to:
(A) a residential and commercial property insurance policy; or
(B) a personal or commercial casualty insurance policy; and
(2) underwritten and issued as an individual or group insurance
policy.
Added by Acts 2005, 79th Leg., Ch.
102, Sec. 3, eff. September 1, 2005.
Sec. 706.003. ELIGIBLE POLICYHOLDERS. (a) An insurer may issue
coverage authorized under Section 706.002 to:
(1) an individual; or
(2) a group, business, employer, association, trustee, or other
entity for the benefit of its members, customers, employees,
members, or beneficiaries.
(b) An entity described by Subsection (a)(2) may be a group
that:
(1) is formed solely for the purpose of obtaining insurance
coverage under this chapter; or
(2) has already been formed for a purpose other than for
obtaining insurance coverage under this chapter and that is
described by Subsection (a)(2).
Added by Acts 2005, 79th Leg., Ch.
102, Sec. 3, eff. September 1, 2005.
Sec. 706.004. RATES AND FORMS. Notwithstanding any other law,
rates and forms for insurance coverage issued under this chapter
are governed by:
(1) Subchapters A-E, Chapter 2251;
(2) Subchapter A, Chapter 2301; and
(3) Article 5.13-2.
Added by Acts 2005, 79th Leg., Ch.
102, Sec. 3, eff. September 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch.
730, Sec. 2D.018, eff. April 1, 2009.
Sec. 706.005. RULES. The commissioner may adopt rules as
necessary to implement this chapter.
Added by Acts 2005, 79th Leg., Ch.
102, Sec. 3, eff. September 1, 2005.