Texas HB3969 mandates disclosures by liability insurers and policyholders to third-party claimants and sets an administrative penalty for.

Texas HB3969 amends the Insurance Code to establish requirements for disclosures by liability insurers and policyholders to third-party claimants. Insurers must provide claimants with a sworn statement detailing relevant coverage information and copies of related policies within 30 days of receiving a request. Policyholders must disclose the names and types of coverage provided by insurers and forward the claimant's request to each insurer. If a material change occurs, insurers or policyholders must promptly provide an amended statement.

Texas HB3969 mandates disclosures by liability insurers and policyholders to third-party claimants and sets an administrative penalty for.

Texas HB3969 amends the Insurance Code to establish requirements for disclosures by liability insurers and policyholders to third-party claimants. Insurers must provide claimants with a sworn statement detailing relevant coverage information and copies of related policies within 30 days of receiving a request. Policyholders must disclose the names and types of coverage provided by insurers and forward the claimant's request to each insurer. If a material change occurs, insurers or policyholders must promptly provide an amended statement.