Bill > HB3969

This bill adds a new subchapter to the Texas Insurance Code that requires liability insurers and policyholders to provide detailed policy information to third-party claimants. Specifically, when a claimant requests policy information, the insurer must provide a sworn statement that includes the insurer's name, the names of each insured, the liability coverage limits, and any potential policy defenses. The insurer must also provide a copy of the relevant insurance policies. Policyholders must promptly disclose the names of insurers that may provide coverage for the claim and forward the claimant's request to those insurers. Both insurers and policyholders must provide this information within 30 days of receiving the request. If there are any material changes to the originally provided information, the insurer or policyholder must submit a written amended statement within two business days of becoming aware of the change. Insurers that fail to comply with these requirements may be subject to an administrative penalty of up to $500. The bill is set to take effect on September 1, 2025, and aims to improve transparency and information sharing in liability insurance claims.

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https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB3969