Bill Text: TX HB1706 | 2023-2024 | 88th Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the right of an insured to enter into a contract with a public insurance adjuster.
Spectrum: Bipartisan Bill
Status: (Passed) 2023-06-02 - Effective on 9/1/23 [HB1706 Detail]
Download: Texas-2023-HB1706-Comm_Sub.html
Bill Title: Relating to the right of an insured to enter into a contract with a public insurance adjuster.
Spectrum: Bipartisan Bill
Status: (Passed) 2023-06-02 - Effective on 9/1/23 [HB1706 Detail]
Download: Texas-2023-HB1706-Comm_Sub.html
By: Perez, et al. (Senate Sponsor - Schwertner) | H.B. No. 1706 | |
(In the Senate - Received from the House April 17, 2023; | ||
April 18, 2023, read first time and referred to Committee on | ||
Business & Commerce; May 5, 2023, reported adversely, with | ||
favorable Committee Substitute by the following vote: Yeas 10, | ||
Nays 0; May 5, 2023, sent to printer.) | ||
COMMITTEE SUBSTITUTE FOR H.B. No. 1706 | By: Schwertner |
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relating to the right of an insured to enter into a contract with a | ||
public insurance adjuster. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter A, Chapter 4102, Insurance Code, is | ||
amended by adding Section 4102.007 to read as follows: | ||
Sec. 4102.007. RIGHT TO CONTRACT WITH LICENSE HOLDER. (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; | ||
(4) a Lloyd's plan; | ||
(5) a reciprocal or interinsurance exchange; | ||
(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. | ||
(b) An insurance policy, including any endorsement, to | ||
which this section applies may not include a provision that | ||
prohibits an insured from contracting with a public insurance | ||
adjuster for services provided under this chapter. | ||
(c) An insured is not required to enter into a contract | ||
described by Subsection (b). | ||
SECTION 2. Section 4102.007, Insurance Code, as added by | ||
this Act, applies only to an insurance policy delivered, issued for | ||
delivery, or renewed on or after January 1, 2024. | ||
SECTION 3. This Act takes effect September 1, 2023. | ||
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