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TX HB2518

Bill

Official Source

Status

Passed

6/22/2025

Primary Sponsor

Jeff Barry

Click for details

Origin

House of Representatives

89th Legislature Regular Session

AI Summary

  • Prohibits the use of premium financing arrangements for Texas Windstorm Insurance Association (TWIA) policies, citing the availability of multiple installment payment plans offered directly through the association at no additional cost to policyholders

  • Amends Section 2210.2032 of the Insurance Code by adding a new subsection (c) establishing this prohibition

  • Applies to TWIA policies issued and renewed on or after January 1, 2026

  • Takes effect September 1, 2025

  • Passed the House on May 2, 2025 (120-15) and the Senate on May 25, 2025 (28-2)

Legislative Description

Relating to the use of installment premium payment plans on Texas Windstorm Insurance Association policies.

Insurance

Last Action

Effective on 9/1/25

6/22/2025

Committee Referrals

Business & Commerce5/5/2025
Insurance3/17/2025

Full Bill Text

No bill text available