By: Middleton  S.B. No. 796
         (In the Senate - Filed February 9, 2023; March 1, 2023, read
  first time and referred to Committee on Business & Commerce;
  March 22, 2023, reported adversely, with favorable Committee
  Substitute by the following vote:  Yeas 10, Nays 0; March 22, 2023,
  sent to printer.)
Click here to see the committee vote
 
  COMMITTEE SUBSTITUTE FOR S.B. No. 796 By:  Middleton
 
 
A BILL TO BE ENTITLED
 
AN ACT
 
  relating to arbitration provisions in surplus lines insurance
  contracts.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 981.101, Insurance Code, is amended by
  adding Subsection (d) to read as follows:
         (d)  An arbitration under a surplus lines insurance contract
  that is related to a risk located entirely in this state must be
  conducted in this state, and the arbitration agreement in the
  insurance contract must be interpreted in accordance with the laws
  of this state.  This subsection applies to an arbitration under a
  surplus lines insurance contract entered into in or outside of this
  state.
         SECTION 2.  Section 981.101(d), Insurance Code, as added by
  this Act, applies only to a surplus lines insurance contract
  delivered, issued for delivery, or renewed on or after January 1,
  2024.
         SECTION 3.  This Act takes effect September 1, 2023.
 
  * * * * *