| 1 | 1 | | 89R3465 SCR-D |
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| 2 | 2 | | By: Bucy H.B. No. 722 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | |
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| 6 | 6 | | |
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| 7 | 7 | | A BILL TO BE ENTITLED |
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| 8 | 8 | | AN ACT |
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| 9 | 9 | | relating to the disclosure of appraisal methods by automobile |
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| 10 | 10 | | insurers. |
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| 11 | 11 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 12 | 12 | | SECTION 1. Subchapter G, Chapter 1952, Insurance Code, is |
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| 13 | 13 | | amended by adding Section 1952.308 to read as follows: |
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| 14 | 14 | | Sec. 1952.308. DISCLOSURE OF APPRAISAL METHODS ON REQUEST. |
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| 15 | 15 | | (a) This section applies to an insurer writing automobile |
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| 16 | 16 | | insurance in this state, including an insurance company, |
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| 17 | 17 | | corporation, reciprocal or interinsurance exchange, mutual |
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| 18 | 18 | | insurance company, capital stock company, association, county |
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| 19 | 19 | | mutual insurance company, Lloyd's plan, and any other insurer. |
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| 20 | 20 | | (b) On request of a person whose vehicle is being appraised |
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| 21 | 21 | | by an insurer for the amount of loss, the insurer shall provide to |
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| 22 | 22 | | the person a written explanation of any procedures, formulas, |
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| 23 | 23 | | calculations, or other methods used by its appraisers to determine |
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| 24 | 24 | | the amount of loss, including the cost of observed or predicted |
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| 25 | 25 | | repairs and the salvage value of the automobile. |
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| 26 | 26 | | SECTION 2. Section 1952.308, Insurance Code, as added by |
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| 27 | 27 | | this Act, applies only to an insurance policy that is delivered, |
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| 28 | 28 | | issued for delivery, or renewed on or after January 1, 2026. |
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| 29 | 29 | | SECTION 3. This Act takes effect September 1, 2025. |
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