Texas HB2067 mandates insurers to provide written reasons for policy declinations, cancellations, or nonrenewals.

Texas HB2067 amends the Insurance Code to require insurers to provide written statements of reasons for declining, canceling, or refusing to renew insurance policies. These statements must comply with specific sections and rules. The law applies to applications and policies made or renewed after the effective date of the Act, which is September 1, 2025. Additionally, insurers must deliver written notice of declinations to applicants for liability or commercial property insurance.

Texas HB2067 mandates insurers to provide written reasons for policy declinations, cancellations, or nonrenewals.

Texas HB2067 amends the Insurance Code to require insurers to provide written statements of reasons for declining, canceling, or refusing to renew insurance policies. These statements must comply with specific sections and rules. The law applies to applications and policies made or renewed after the effective date of the Act, which is September 1, 2025. Additionally, insurers must deliver written notice of declinations to applicants for liability or commercial property insurance.