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A BILL TO BE ENTITLED
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AN ACT
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relating to the right of an insured to enter into a contract with a |
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public insurance adjuster. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter A, Chapter 4102, Insurance Code, is |
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amended by adding Section 4102.007 to read as follows: |
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Sec. 4102.007. RIGHT TO CONTRACT WITH LICENSE HOLDER. (a) |
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Notwithstanding Sections 4001.002 and 4102.002, this section |
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applies to a commercial or residential property insurance policy |
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issued by an insurer, including: |
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(1) a capital stock insurance company; |
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(2) a mutual insurance company; |
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(3) a county mutual insurance company; |
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(4) a Lloyd's plan; |
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(5) a reciprocal or interinsurance exchange; |
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(6) a farm mutual insurance company; and |
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(7) an eligible surplus lines insurer if this state is |
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the insured's home state as defined by Section 981.002. |
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(b) An insured has the right to enter into a contract with a |
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license holder to help the insured meet the insured's obligations |
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under the insured's insurance policy. An insurance policy issued |
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in this state may not impede or prohibit this right. |
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(c) An insured is not required to enter into a contract |
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described by Subsection (b). |
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SECTION 2. Section 4102.007, Insurance Code, as added by |
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this Act, applies only to an insurance policy delivered, issued for |
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delivery, or renewed on or after January 1, 2024. |
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SECTION 3. This Act takes effect September 1, 2023. |