TX SB2712

Increases the threshold for "large risk" property insurance exemption from $5 million to $20 million in total insured property values

Raises the annual gross revenue threshold for exemption from $10 million to $100 million

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

Insureds meeting these higher thresholds would be exempt from certain policy form filing and approval requirements under the Insurance Code

Applies to policies delivered, issued, or renewed on or after January 1, 2026, with the act taking effect September 1, 2025