Texas § IN.2003.004 - POLICYHOLDER CREDIT FOR REDUCING HAZARD
Full text of Texas The Texas Constitution § IN.2003.004 — POLICYHOLDER CREDIT FOR REDUCING HAZARD, with citation guidance and answers to common questions.
§ IN.2003.004. POLICYHOLDER CREDIT FOR REDUCING HAZARD
POLICYHOLDER CREDIT FOR REDUCING HAZARD. (a) The commissioner may require an insurer to give credit to a policyholder for a hazard that the policyholder reduces or removes. (b) For purposes of this section, the following actions constitute a reduction in hazard by a policyholder: (1) the installation of a new standard fire hydrant approved by the department within the required distance of a risk, as prescribed by the department; or (2) the use of compressed air foam technology in fire-fighting equipment. (c) The insurer shall give credit in the proportion that the hazard is reduced or removed and shall refund to the policyholder the proportional part of the unearned premium charged for the hazard that is reduced or removed. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007. SUBCHAPTER B. MUNICIPAL FIRE LOSS LISTS
Frequently Asked Questions About Texas § IN.2003.004
What does The Texas Constitution § IN.2003.004 cover?
Section IN.2003.004 ("POLICYHOLDER CREDIT FOR REDUCING HAZARD") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.2003.004?
A common citation format is "The Texas Constitution § IN.2003.004" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.2003.004 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.