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TX HB4062
Bill
Status
3/7/2025
Primary Sponsor
Matt Morgan
Click for details
AI Summary
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Increases the threshold for "large risk" exemption from insurance policy form requirements based on total insured property values from $5 million to $20 million
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Raises the total annual gross revenues threshold for exemption from $10 million to $100 million
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Increases premium thresholds for exemption: property insurance from $25,000 to $100,000, general liability insurance from $25,000 to $100,000, and multiperil insurance from $50,000 to $250,000
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Applies to insurance policies delivered, issued, or renewed on or after January 1, 2026
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Takes effect September 1, 2025
Legislative Description
Relating to the amount of a large risk that is exempt from certain property and casualty insurance policy form requirements.
Insurance
Last Action
Withdrawn from schedule
4/30/2025