TX HB2221

Adds new Chapter 1702 to the Texas Insurance Code establishing uniform standards for prohibited acts and practices in life insurance, annuity contracts, accident and health insurance, and health care plans

Authorizes insurers, HMOs, and agents to offer "loss-control or value-added products and services" at no or reduced cost to policyholders, including loss mitigation, health enhancement, financial wellness education, and behavioral change incentives, provided costs are reasonable relative to premiums

Permits noncash gifts, charitable donations, meals, and raffles in connection with marketing or sales if the cost is within commissioner-determined limits, offered non-discriminatorily, and not contingent on purchase

Prohibits premium rebates, offering insurance as inducement for other purchases, issuing stocks or securities as policy inducements, and using "free" or "no cost" language in advertisements

Requires disclosure and consent before using tracking devices for data collection as part of value-added services, and repeals existing Sections 541.056, 541.057, 541.058, 543.003, and 1201.013; takes effect September 1, 2025, applying to policies delivered or renewed on or after January 1, 2026