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A BILL TO BE ENTITLED
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AN ACT
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relating to the disclosure of appraisal methods by automobile |
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insurers. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter G, Chapter 1952, Insurance Code, is |
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amended by adding Section 1952.308 to read as follows: |
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Sec. 1952.308. DISCLOSURE OF APPRAISAL METHODS ON REQUEST. |
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(a) This section applies to an insurer writing automobile |
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insurance in this state, including an insurance company, |
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corporation, reciprocal or interinsurance exchange, mutual |
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insurance company, capital stock company, association, county |
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mutual insurance company, Lloyd's plan, and any other insurer. |
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(b) On request of a person whose vehicle is being appraised |
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by an insurer for the amount of loss, the insurer shall provide to |
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the person a written explanation of any procedures, formulas, |
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calculations, or other methods used by its appraisers to determine |
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the amount of loss, including the cost of observed or predicted |
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repairs and the salvage value of the automobile. |
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SECTION 2. Section 1952.308, Insurance Code, as added by |
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this Act, applies only to an insurance policy that is delivered, |
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issued for delivery, or renewed on or after January 1, 2026. |
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SECTION 3. This Act takes effect September 1, 2025. |