If a filed form or endorsement is not disapproved within 60 days, what is its status?

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Prepare for the Texas Statutes and Rules Property and Casualty Insurance Test. Study with flashcards and multiple choice questions, each with hints and explanations. Ensure you're geared up for success!

Multiple Choice

If a filed form or endorsement is not disapproved within 60 days, what is its status?

Explanation:
In Texas, when a form or endorsement is filed with the Department of Insurance, it is subject to review, but if the department does not disapprove it within 60 days, the form is deemed approved by operation of law. This means the insurer may use the form as approved starting after that 60-day period without further action. If the form is not disapproved within 60 days, it is not considered still pending or undecided, and it is not marked as denied or disapproved.

In Texas, when a form or endorsement is filed with the Department of Insurance, it is subject to review, but if the department does not disapprove it within 60 days, the form is deemed approved by operation of law. This means the insurer may use the form as approved starting after that 60-day period without further action. If the form is not disapproved within 60 days, it is not considered still pending or undecided, and it is not marked as denied or disapproved.

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