Texas § IN.559.103 - EXTRAORDINARY EVENTS
Full text of Texas The Texas Constitution § IN.559.103 — EXTRAORDINARY EVENTS, with citation guidance and answers to common questions.
§ IN.559.103. EXTRAORDINARY EVENTS
EXTRAORDINARY EVENTS. (a) Notwithstanding any other law, an insurer shall, on written request from an applicant for insurance coverage or an insured, provide reasonable exceptions to the insurer's rates, rating classifications, or underwriting rules for a consumer whose credit information has been directly influenced by: (1) a catastrophic illness or injury; (2) the death of a spouse, child, or parent; (3) temporary loss of employment; (4) divorce; or (5) identity theft. (b) In a situation described by Subsection (a), an insurer: (1) may consider only credit information not affected by the event; or (2) shall assign a neutral credit score. (c) An insurer may require reasonable written and independently verifiable documentation of the event and the effect of the event on the person's credit before granting an exception. An insurer is not required to consider repeated events or events the insurer reconsidered previously as an extraordinary event. (d) An insurer may also consider granting an exception to an applicant for insurance coverage or an insured for an extraordinary event not listed in Subsection (a). (e) An insurer is not out of compliance with any law or rule relating to underwriting, rating, or rate filing as a result of granting an exception under this section. Added by Acts 2005, 79th Leg., Ch. 728 (H.B. 2018 ), Sec. 11.020(a), eff. September 1, 2005. SUBCHAPTER D. FILING OF CREDIT SCORING MODELS
Frequently Asked Questions About Texas § IN.559.103
What does The Texas Constitution § IN.559.103 cover?
Section IN.559.103 ("EXTRAORDINARY EVENTS") 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.559.103?
A common citation format is "The Texas Constitution § IN.559.103" (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.559.103 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.