79th Texas Legislature, Regular Session, Senate Bill 99, Chapter 102 Page: 2 of 5
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S.B. No. 99
1 Code, is amended to read as follows:
2 SUBTITLE F. INSURANCE FRAUD AND IDENTITY THEFT
3 SECTION 3. Subtitle F, Title 5, Insurance Code, is amended
4 by adding Chapter 706 to read as follows:
5 CHAPTER 706. IDENTITY THEFT INSURANCE
6 Sec. 706.001. DEFINITIONS. (a) The definitions adopted
7 under Article 5.13-2 apply to this chapter.
8 (b) In this chapter, "identity theft" means a criminal
9 offense described by Section 32.51, Penal Code, or a substantially
10 similar federal law or law in another state.
11 Sec. 706.002. COVERAGE AUTHORIZED. (a) An insurer
12 authorized to write property and casualty insurance in this state
13 may offer and issue insurance coverage for a loss suffered by a
14 policyholder as a result of the policyholders' being a victim of
15 identity theft or attempted identity theft.
16 (b) Coverage authorized by Subsection (a) may be:
17 (1) offered as a separate insurance policy or as a
18 rider or endorsement to:
19 (A) a residential and commercial property
20 insurance policy; or
21 (B) a personal or commercial casualty insurance
22 policy; and
23 (2) underwritten and issued as an individual or group
24 insurance policy.
25 Sec. 706.003. ELIGIBLE POLICYHOLDERS. (a) An insurer may
26 issue coverage authorized under Section 706.002 to:
27 (1) an individual; or
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Texas. Legislature. Senate. 79th Texas Legislature, Regular Session, Senate Bill 99, Chapter 102, legislative document, May 20, 2005; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth157943/m1/2/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.