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TX HB2515
Bill
Status
2/5/2025
Primary Sponsor
Trey Martinez Fischer
Click for details
AI Summary
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Prohibits insurers from requiring consumers to purchase personal automobile or residential property insurance from the same insurer or affiliate as a condition for issuing another auto or home insurance policy
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Classifies mandatory bundling of auto and home insurance policies as an unfair method of competition and an unfair or deceptive trade practice under Texas Insurance Code
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Applies to underwriting guidelines and trade practices used by insurers to force bundling requirements on consumers
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Amends Subchapter B, Chapter 541 of the Insurance Code by adding new Section 541.062
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Takes effect September 1, 2025
Legislative Description
Relating to prohibiting insurers from requiring the bundling of personal automobile or residential property insurance policies.
Business & Commerce
Last Action
Referred to Insurance
3/17/2025