Bill > HB2067

This bill modifies Texas insurance regulations regarding the declination, cancellation, or nonrenewal of insurance policies. The bill expands the Texas Insurance Commissioner's authority to adopt rules about these actions, requiring insurers to provide written explanations when declining, canceling, or not renewing an insurance policy. It introduces new reporting requirements where insurers must submit quarterly reports to the Texas Department of Insurance summarizing their reasons for policy actions, which will be aggregated and published on the department's website without identifying specific insurers. For commercial insurance lines, insurers must now deliver declination notices to the applicant's insurance agent, who must then disclose the information to the applicant. The bill also allows electronic delivery of these notices and updates existing law to include "declination" alongside cancellation and nonrenewal in various sections. The changes will apply to insurance applications and policies made or renewed on or after January 1, 2026, with the goal of increasing transparency in insurance policy decisions and providing more information to consumers about why their insurance applications might be denied or policies terminated.

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https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB2067