14.042 – INSURANCE CANCELLATION. (a) A warehouse operator
Texas Agriculture Code § 14.042
Summary
This law regulates the cancellation of insurance policies by warehouse operators, requiring department approval for any cancellations. It ensures that warehouse operators maintain adequate insurance coverage by mandating a substitute policy before cancellation.
Warehouse operators need department approval to cancel insurance.
Insurers must notify the department by certified mail.
Cancellation is effective only after 31 days post-notification.
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In simple terms: Learn about Texas's INSURANCE CANCELLATION. (a) A warehouse operator law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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