Inland Marine Insurance -- Exports

Exports (non-filed). Inland marine policies may cover property for export when the property is not subject to export risk covered under marine (ocean) policies.

(1) Export property may be covered without restriction as to time or location of the property, provided coverage includes transportation hazards.

(2) The property becomes export property when it is so designated or while it is being prepared for export. Export property retains its character unless diverted for domestic trade. When the property is diverted for domestic trade, §5.5004 of this title (relating to Inland Marine Insurance -- Domestic Shipments) applies.

(3) Paragraphs (1) and (2) of this section do not apply to methods of insuring commodities such as cotton that were established before September 28, 1984.

Source Note: The provisions of this §5.5003 adopted to be effective June 4, 2023, 48 TexReg 2723.