Sec. 1202.001.  CONTINUOUS POLICIES.  (a)  A guaranteed renewable insurance policy or a noncancellable insurance policy is considered to be a continuous policy, subject only to the policy terms and conditions, including payment of the policy premium.
(b)  A guaranteed renewable insurance policy or a noncancellable insurance policy:
(1)  is continued in effect by the payment of the policy premium in accordance with the policy terms and conditions;  and
(2)  may not be considered or treated as a renewed policy by the payment of the policy premium.
(c)  This section does not apply to a small employer health benefit plan adopted in accordance with Chapter 1501.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005.