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TX HB2275
Bill
Status
1/30/2025
Primary Sponsor
Matt Morgan
Click for details
AI Summary
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Requires surplus lines insurance contracts for risks located wholly in Texas that contain arbitration agreements to mandate arbitration be conducted in Texas and governed by Texas law
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Allows arbitration to be held at a different venue only if the insurer provides written notice requesting the change, the policyholder agrees, and the insurer provides a premium credit covering the policyholder's costs from the venue change
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Mandates that insurance contracts subject to these arbitration provisions must be interpreted in accordance with Texas law
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Applies only to surplus lines insurance contracts delivered, issued, or renewed on or after January 1, 2026
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Takes effect September 1, 2025
Legislative Description
Relating to arbitration provisions in certain surplus lines insurance contracts.
Insurance
Last Action
Laid on the table subject to call
5/9/2025