Legislation
SECTION 3112
Automatic bank withdrawal agreements; notification required
Insurance (ISC) CHAPTER 28, ARTICLE 31
§ 3112. Automatic bank withdrawal agreements; notification required.
Any insurer licensed to issue insurance in the state who has an
automatic bank withdrawal agreement with an insured for the payment of
insurance premiums for any type of insurance shall give the insured at
least fifteen days advance written notice of any increase in policy
premiums prior to any automatic bank withdrawal of an increased premium.
Any insurer licensed to issue insurance in the state who has an
automatic bank withdrawal agreement with an insured for the payment of
insurance premiums for any type of insurance shall give the insured at
least fifteen days advance written notice of any increase in policy
premiums prior to any automatic bank withdrawal of an increased premium.