HB 643: Residual Market Insurers
GENERAL BILL by Snyder
Residual Market Insurers; Revises circumstances under which insurance coverage is eligible for export; removes diligent effort & other requirements before insurance coverage is eligible for export; transfers to surplus lines insurance those provisions relating to liability of insureds & deductibles, insurers' duty to acknowledge communications regarding residential property insurance claims & investigations, notice of property insurance claim, suits arising under property insurance policy, surplus lines agent licenses & appointments, assignment agreements, nonjoinder of insurers, & representations in applications & warranties.
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/14/2025 | House |
• Filed |
Related Bills
No Related Bills AvailableCommittee Amendments
Floor Amendments
Bill Analyses
No Bill Analyses AvailableVote History - Committee
No Committee Vote History AvailableVote History - Floor
No Vote History AvailableCitations - Statutes (23)
| Citation | Catchline | Location in Bill Location In Bill Help |
|---|---|---|
| 626.913 | Surplus Lines Law; short title; purposes. | Page 3 (pdf) |
| 626.914 | Definitions. | Page 3 (pdf) |
| 626.916 | Eligibility for export. | Page 4 (pdf) |
| 626.918 | Eligible surplus lines insurers. | Page 55 (pdf) |
| 626.9261 | Page 9 (pdf) | |
| 626.9262 | Page 10 (pdf) | |
| 626.9263 | Page 18 (pdf) | |
| 626.9264 | Page 20 (pdf) | |
| 626.9265 | Page 24 (pdf) | |
| 626.9266 | Page 24 (pdf) | |
| 626.931 | Agent affidavit and insurer reporting requirements. | Page 27 (pdf) |
| 626.932 | Surplus lines tax. | Page 28 (pdf) |
| 626.9325 | Service fee. | Page 57 (pdf) |
| 626.935 | Suspension, revocation, or refusal of surplus lines agent’s license. | Page 63 (pdf) |
| 626.9541 | Unfair methods of competition and unfair or deceptive acts or practices defined. | Page 58 (pdf) |
| 627.351 | Insurance risk apportionment plans. | Page 29 (pdf) |
| 627.4085 | Insurer name, agent name, and license identification number required on application. | Page 7 (pdf) |
| 627.701 | Liability of insureds; coinsurance; deductibles. | Page 8 (pdf) |
| 627.70131 | Insurer’s duty to acknowledge communications regarding claims; investigation. | Page 10 (pdf) |
| 627.70132 | Notice of property insurance claim. | Page 17 (pdf) |
| 627.70152 | Suits arising under a property insurance policy. | Page 19 (pdf) |
| 627.715 | Flood insurance. | Page 63 (pdf) |
| 627.952 | Risk retention and purchasing group agents. | Page 26 (pdf) |
Citations - Constitution (0)
No Constitutional citations.
Citations - Chapter Law (0)
No Chapter Law citations.
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