HB 2275
AN ACT relating to arbitration provisions in surplus lines insurance
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to House committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
Requires surplus lines insurance contracts with arbitration agreements to be conducted and governed in Texas, using Texas state laws for interpretation. The new requirements will apply to insurance contracts delivered, issued, or renewed on or after January 1, 2026, providing clearer legal standards for surplus lines insurance arbitration. This change ensures that disputes related to these insurance contracts will be resolved within the state's legal framework, offering more predictability and consistency for businesses and insurers.
Subject Areas
Bill Text
relating to arbitration provisions in surplus lines insurance BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 981.101, Insurance Code, is amended by adding Subsection (d) to read as follows: (d) A surplus lines insurance contract that contains an arbitration agreement must provide that: (A) conducted in this state; and (B) governed by the laws of this state; and (2) the insurance contract will be interpreted in accordance with the laws of this state. SECTION 2. Section 981.101(d), Insurance Code, as added by this Act, applies only to a surplus lines insurance contract delivered, issued for delivery, or renewed on or after January 1, 2026. A surplus lines insurance contract delivered, issued for delivery, or renewed before January 1, 2026, is governed by the law as it existed immediately before the effective date of this Act, and that law is continued in effect for that purpose. SECTION 3. This Act takes effect September 1, 2025.
Bill Sponsors
Legislators who authored or co-sponsored this bill.
Bill History
Bill filed: AN ACT relating to arbitration provisions in surplus lines insurance
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