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.
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Bill History
Date Chamber Action 2/14/2025 House • Filed
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HB 643, Original Filed Version (Current Bill Version) Posted 2/14/2025 at 2:03 PM
Bill Text: PDF Analyses: None Citations - 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)