Loading chat...
TX HB1041
Bill
Status
Passed
5/29/2025
Primary Sponsor
Chris Turner
Click for details
AI Summary
- Prohibits caregivers at state supported living centers, licensed assisted living facilities, licensed intermediate care facilities, and group homes from having an insurable interest in the life of individuals with disabilities in their care
- Creates an exception allowing relatives within the third degree by blood or marriage to maintain insurable interest even if they serve as caregivers in these facilities
- Applies only to life insurance policies delivered, issued, or renewed on or after January 1, 2026
- Takes effect immediately with two-thirds legislative vote, otherwise September 1, 2025
- Passed unanimously in both chambers (House: 146-0 on April 23, 2025; Senate: 31-0 on May 16, 2025)
Legislative Description
Relating to the insurable interest of certain persons providing care to individuals with disabilities in the life of those individuals.
Disabilities, Persons with
Last Action
Effective immediately
5/29/2025
Committee Referrals
Business & Commerce4/28/2025
Human Services3/7/2025
Full Bill Text
No bill text available