Texas Commissioner of Insurance Order No. 02-0741
approval of ISO homeowners forms HO 00 02, 03, 04, 05, 06 and 08 and ninety-three endorsements, with a clause-level comparison of the ISO HO 00 03 against the Texas HO-B
Edition and licensing notes
Publisher. Texas Department of Insurance (www.tdi.texas.gov)
Edition. Commissioner's order, exempt filing notification under Insurance Code art. 5.96. The order identifies itself in its own last numbered paragraph: "The policy forms and endorsements as approved by the Commissioner of Insurance are on file with the Chief Clerk's Office of the Texas Department of Insurance under Reference No. P-0302-11 and are incorporated by reference by Commissioner Order No. 02-0741." THE ORDER PRINTS NO SIGNATURE DATE. The only date on the page is the site's own footer line, "Created/Updated 07-18-2002", which is the web page's statement and not the order's; it was stripped as page furniture and is recorded here instead of being passed off as the order's date. Internally the order says potential action was noticed in the Texas Register at 27 TexReg 4731 on May 31, 2002.
Status. Order of the Texas Commissioner of Insurance, published by the Texas Department of Insurance; US state government work, public domain.
What this document is
Texas Commissioner of Insurance Order No. 02-0741: approval of ISO homeowners forms HO 00 02, 03, 04, 05, 06 and 08 and ninety-three endorsements, with a clause-level comparison of the ISO HO 00 03 against the Texas HO-B is a reference published by Texas Department of Insurance (www.tdi.texas.gov). It is one of the Texas documents that insurance license exam questions are written from, including texas property & casualty, texas personal lines, texas claims adjuster practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- Tex. Comm'r of Ins. Order No. 02-0741, Section I.F (HO 00 08 (Homeowners 8-Modified Coverage Form))
“However, under Form 8, if the insured elects to repair or replace the damaged building, loss settlement is based on the repair or replacement cost of the damaged building up to the policy limits. If the insured elects not to repair or replace, loss settlement is based on the least of: the limit of...”
- Tex. Comm'r of Ins. Order No. 02-0741, Section I.C (HO 00 05 (Homeowners 5-Comprehensive Form))
“C. HO 00 05 (Homeowners 5-Comprehensive Form). This form is similar to the Homeowners 3-Special Form except that Coverage C-Personal Property provides coverage against the risk of direct physical loss with certain exceptions. This form is analogous to the Texas Homeowners Policy-Form C.”
- Tex. Comm'r of Ins. Order No. 02-0741, Section I.E (HO 00 06 (Homeowners 6-Unit-Owners Form))
“Instead, all building and structural items in the unit or on the premises containing the unit for which the unit owner is solely responsible are covered under Coverage A-Dwelling for a basic limit of $5,000.”
- Tex. Comm'r of Ins. Order No. 02-0741, Section I.A (HO 00 02 (Homeowners 2-Broad Form))
“A. HO 00 02 (Homeowners 2-Broad Form). This form is similar to the Homeowners 3-Special Form, described herein, except that building and other structures are insured on a named peril basis. This form is analogous to the Texas Homeowners Policy Form-A with the Additional Extended Coverage Endorsement (HO-170) attached.”
- Tex. Comm'r of Ins. Order No. 02-0741, Section I.F (Loss settlement under the other Homeowners Forms)
“Under all of the other Homeowners Forms, loss settlements for buildings are on a replacement cost basis if the Coverage A-Property limit of liability, at the time of loss, is at least 80% of replacement value. If it is less than 80%, the loss settlement is based on the ratio that replacement value...”
- Tex. Comm'r of Ins. Order No. 02-0741, Section I.B.2.b (Coverage F-Medical Payments to Others)
“b. Coverage F-Medical Payments to Others. The policy covers medical and related expenses, subject to the stipulated limit, arising out of accidents to persons other than the insured and residents of the premises.”
- Tex. Comm'r of Ins. Order No. 02-0741, Section I.D (HO 00 04 (Homeowners 4-Contents Broad Form))
“The breadth of coverage is similar to that provided in Coverage C-Personal Property in Forms 00 02, and 00 03, except under the Additional Coverages, Building Additions and Alterations, coverage for tenant acquired or tenant made improvements replaces the Landlords Furnishings coverage not needed by tenants.”
- Tex. Comm'r of Ins. Order No. 02-0741, Section I.F (HO 00 08 (Homeowners 8-Modified Coverage Form): perils and theft limits)
“This is an owners policy that covers the dwelling, other structures, and personal property on and away from the premises against certain named perils, including but not limited to, losses by fire or lightning, windstorm or hail, explosion, riot or civil commotion, aircraft, vehicles, smoke and...”
- Tex. Comm'r of Ins. Order No. 02-0741, Section IV.G.1 (Restrictions in Coverage: ISO HO 00 03 Policy Exclusions)
“1. The ISO HO 00 03 policy excludes loss caused by faulty, inadequate or defective planning, zoning, development, surveying, siting, design, specifications, workmanship, repair, construction, renovation, remodeling, grading, compaction; materials used in repair, construction, renovation, remodeling...”
- Tex. Comm'r of Ins. Order No. 02-0741, Section IV.D (Restrictions in Coverage: Coverage for Golf Carts)
“The ISO HO 00 03 policy only covers golf carts if they are used solely to service the residence premises. (See Section I - Property Coverages, Coverage C - Personal Property, Property Not Covered, c, 2.) The HO-B provides coverage for golf carts up to the limits of liability that apply to Coverage...”
- Tex. Comm'r of Ins. Order No. 02-0741, Section VI.A (Foundation Coverage-Texas Endorsement)
“The endorsement provides coverage for settling, cracking, shrinking, bulging, or expansion of foundations, floor slab or footings that support the dwelling caused by seepage or leakage of water or steam from within a plumbing, heating, air conditioning, or automatic fire protective sprinkler...”
- Tex. Comm'r of Ins. Order No. 02-0741, Section I.D (HO 00 04 (Homeowners 4-Contents Broad Form): eligibility)
“D. HO 00 04 (Homeowners 4-Contents Broad Form). This form is issued to a tenant (non-owner) of a dwelling or an apartment situated in any building or mobile home, or an owner-occupant of a dwelling, cooperative unit of a building containing an apartment not otherwise eligible for a Homeowners...”
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