Texas SB369 establishes an appraisal procedure for disputed losses under personal automobile insurance policies.

Texas SB369 amends the Insurance Code to include a new subchapter on appraisal procedures for personal automobile insurance policies. This procedure applies to insurers writing such policies in Texas. It mandates that personal automobile insurance policies contain an appraisal procedure complying with the new subchapter. The insurer or the named insured can demand an appraisal within 90 days of the insurer accepting liability. Each party appoints an appraiser within 15 days of the appraisal demand. If the appraisers cannot agree on an umpire, a court selects one.

Texas SB369 establishes an appraisal procedure for disputed losses under personal automobile insurance policies.

Texas SB369 amends the Insurance Code to include a new subchapter on appraisal procedures for personal automobile insurance policies. This procedure applies to insurers writing such policies in Texas. It mandates that personal automobile insurance policies contain an appraisal procedure complying with the new subchapter. The insurer or the named insured can demand an appraisal within 90 days of the insurer accepting liability. Each party appoints an appraiser within 15 days of the appraisal demand. If the appraisers cannot agree on an umpire, a court selects one.