HB 3001
AN ACT relating to the right of an insured to enter into a contract with a
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
Modifies Texas insurance code regulations for commercial and residential property insurance policies, allowing insureds more flexibility in contract arrangements across different types of insurance companies including capital stock, mutual, county mutual, reciprocal, and farm mutual insurance providers. The legislation expands insurance contract rights for property owners and aims to provide greater contractual options when dealing with various insurance entities. The changes will take effect on September 1, 2025, giving insurers and property owners time to adapt to the new regulations.
Subject Areas
Bill Text
relating to the right of an insured to enter into a contract with a BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 4102.007(a), Insurance Code, is amended (a) Notwithstanding Sections 4001.002 and 4102.002, this section applies to a commercial or residential property insurance policy issued by an insurer, including: (1) a capital stock insurance company; (2) a mutual insurance company; (3) a county mutual insurance company; (5) a reciprocal or interinsurance exchange; and (6) a farm mutual insurance company[; and [(7) an eligible surplus lines insurer if this state is the insured's home state as defined by Section 981.002]. SECTION 2. This Act takes effect September 1, 2025.
Bill History
Bill filed: AN ACT relating to the right of an insured to enter into a contract with a
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