TX SB2596

Requires insurers to disclose during application whether a group property and casualty insurance policy has a shared aggregate limit, and if so, the amount of that limit

Mandates insurers deliver a copy of the certificate of insurance and the full policy to each covered member within 30 days of issuing, delivering, or renewing a policy

Creates a new framework for personal lines group property and casualty insurance, allowing insurers to offer policies to "permitted groups" of 10 or more insureds with preexisting relationships (common trade, association, affiliation, or other relationship)

Prohibits personal lines group policies from containing shared aggregate limits and requires that policies result in economies of scale and provide reasonable benefits relative to premiums charged

Applies provisions to eligible surplus lines insurers and grants the Insurance Commissioner authority to adopt rules for implementation