Effective October 12, 2002, the Commissioner of Insurance by Commissioner's Order No. 02-0975 adopted three new residential property policy forms as follows: form no. HO-542 (homeowners policy), form no. HC-542 (condominium policy), and form no. HT-542 (tenants policy) filed by Nationwide Lloyds Insurance Company (Nationwide) and further has adopted fourteen new endorsements that may be attached to the new residential property policy forms for use in the State of Texas.
Other Insurers Who Elect to Use the Nationwide Residential Property Policy Forms and Endorsements. Pursuant to Article 5.35, an insurer that wishes to use the adopted policy forms and endorsements must make a filing for approval with the Texas Department of Insurance and agree to abide by the conditions and requirements imposed by Order No. 02-0975 relating to rating information, water damage coverage, foundation coverage, and mold coverage.
The Commissioner's Order may be accessed on our web site as follows: http://www.tdi.state.tx.us/orders/co02-0975.html
Copies of the policy forms and endorsements may be requested from the Office of Chief Clerk, P.O. Box 149104, Mail Code 113-3A, Austin, Texas 78714-9104.
Questions regarding this bulletin may be directed to Gary Julian, Automobile/Homeowners Division at 512-322-2266 or gary.julian@tdi.state.tx.us.
David Nardecchia, Director
Personal & Commercial Lines Division MC 104-PC