Establishes licensing requirements for insurance umpires and appraisers in Texas, including fees and penalties.

The bill amends the Texas Insurance Code to create a new chapter governing insurance umpires and appraisers. It defines "appraiser" as someone selected to assess damages or loss in an insurance dispute and "umpire" as a neutral third party to resolve disputes between appraisers. The commissioner of insurance must establish temporary licensing procedures for those already operating until September 1, 2027. Licensing requirements include being at least 18 years old, completing a pre-licensing course, passing an exam, undergoing a background check, and maintaining a $10,000 surety bond.

Establishes licensing requirements for insurance umpires and appraisers in Texas, including fees and penalties.

The bill amends the Texas Insurance Code to create a new chapter governing insurance umpires and appraisers. It defines "appraiser" as someone selected to assess damages or loss in an insurance dispute and "umpire" as a neutral third party to resolve disputes between appraisers. The commissioner of insurance must establish temporary licensing procedures for those already operating until September 1, 2027. Licensing requirements include being at least 18 years old, completing a pre-licensing course, passing an exam, undergoing a background check, and maintaining a $10,000 surety bond.