TITLE: Relating to prohibiting insurers from requiring the bundling of personal automobile or residential property insurance policies.

SUMMARY: Relating to prohibiting insurers from requiring the bundling of personal automobile or residential property insurance policies.

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