TX HB3388

Amends Insurance Code Chapter 2171 to require insurers to disclose whether group property and casualty policies have shared aggregate limits during the application process, and to deliver copies of the certificate of insurance and policy to each member within 30 days of issuance or renewal

Creates new Chapter 2172 establishing a framework for "personal lines group property and casualty insurance," allowing insurers to offer group policies to "permitted groups" of 10 or more certificate holders with preexisting relationships through common trade, association, affiliation, or other distinct relationships

Prohibits personal lines group policies from containing shared aggregate limits or provisions that would allow one certificate holder's claims to be limited by losses incurred by another certificate holder

Streamlines surplus lines requirements by allowing agents to make diligent effort searches and file with the Surplus Lines Stamping Office only for the group policy as a whole on an annual basis, rather than for each individual member

Exempts persons who enroll individuals, issue certificates, or assist in administering group policies from insurance agent licensing requirements under Chapter 4001, provided they do not receive sales commissions