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A BILL TO BE ENTITLED
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AN ACT
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relating to prohibiting insurers from requiring the bundling of |
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personal automobile or residential property insurance policies. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 541, Insurance Code, is |
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amended by adding Section 541.062 to read as follows: |
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Sec. 541.062. REQUIRED BUNDLING OF PERSONAL AUTOMOBILE OR |
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RESIDENTIAL PROPERTY INSURANCE POLICIES. (a) In this section, |
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"underwriting guideline" has the meaning assigned by Section |
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38.002. |
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(b) It is an unfair method of competition or an unfair or |
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deceptive act or practice in the business of insurance to require a |
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consumer to purchase, or use an underwriting guideline or trade |
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practice to require a consumer to purchase, a personal automobile |
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or residential property insurance policy from the same insurer or |
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the same insurer's affiliate as a condition for the issuance of |
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another personal automobile or residential property insurance |
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policy. |
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SECTION 2. This Act takes effect September 1, 2025. |