| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | By: Martinez Fischer H.B. No. 2515 | |
| 2 | 2 | ||
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | A BILL TO BE ENTITLED | |
| 7 | 7 | AN ACT | |
| 8 | 8 | relating to prohibiting insurers from requiring the bundling of | |
| 9 | 9 | personal automobile or residential property insurance policies. | |
| 10 | 10 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 11 | 11 | SECTION 1. Subchapter B, Chapter 541, Insurance Code, is | |
| 12 | 12 | amended by adding Section 541.062 to read as follows: | |
| 13 | 13 | Sec. 541.062. REQUIRED BUNDLING OF PERSONAL AUTOMOBILE OR | |
| 14 | 14 | RESIDENTIAL PROPERTY INSURANCE POLICIES. (a) In this section, | |
| 15 | 15 | "underwriting guideline" has the meaning assigned by Section | |
| 16 | 16 | 38.002. | |
| 17 | 17 | (b) It is an unfair method of competition or an unfair or | |
| 18 | 18 | deceptive act or practice in the business of insurance to require a | |
| 19 | 19 | consumer to purchase, or use an underwriting guideline or trade | |
| 20 | 20 | practice to require a consumer to purchase, a personal automobile | |
| 21 | 21 | or residential property insurance policy from the same insurer or | |
| 22 | 22 | the same insurer's affiliate as a condition for the issuance of | |
| 23 | 23 | another personal automobile or residential property insurance | |
| 24 | 24 | policy. | |
| 25 | 25 | SECTION 2. This Act takes effect September 1, 2025. |