Texas 2025 - 89th Regular

House Insurance Committee May 20th, 2025

Meeting Video(s)

TX

Texas 2025 - 89th Regular

Insurance May 20th, 2025 at 09:05 am

House Insurance Committee

The committee meeting held extensive discussions on multiple pieces of legislation focused primarily on insurance and healthcare. A significant portion of the meeting revolved around SB1643, which proposes changes to how property and casualty insurance rates are regulated in Texas by requiring prior approval from the Texas Department of Insurance (TDI) for any rate changes exceeding 10%. Members expressed mixed feelings about this proposal, with concerns that it might lead to increased costs for consumers while discussing the balance between consumer protection and maintaining a competitive insurance market. Witnesses offered testimony both in favor and against the bill, highlighting the importance of thoughtful regulatory frameworks amidst rising insurance costs.

Bills on the Agenda

TX

Texas 2025 - 89th Regular

Texas Senate Bill SB1642

Filed
2/25/25  
Out of Senate Committee
4/14/25  
Voted on by House
 
Governor Action
 
Bill Becomes Law
 
Relating to the administration of the Texas Department of Insurance, including the appointment of the state commission of insurance.
TX

Texas 2025 - 89th Regular

Texas Senate Bill SB1643

Filed
2/25/25  
Out of Senate Committee
4/9/25  
Voted on by House
 
Governor Action
 
Bill Becomes Law
 
Relating to prior approval of certain property and casualty insurance rate increases or decreases.
TX

Texas 2025 - 89th Regular

Texas Senate Bill SB2530

Filed
3/13/25  
Out of Senate Committee
4/28/25  
Voted on by House
 
Governor Action
 
Bill Becomes Law
 
Relating to the Texas Windstorm Insurance Association; providing an administrative penalty.