Texas SB1006 mandates insurers to provide written reasons for policy declinations, cancellations, or nonrenewals.

Texas SB1006 amends the Insurance Code to require insurers to furnish written explanations for declining, canceling, or refusing to renew insurance policies. These explanations must comply with specific sections and rules. The law applies to applications and policies made or renewed after its effective date of September 1, 2025. For applications or policies made before this date, existing laws continue to apply. Additionally, insurers must deliver written notice of declinations for liability or commercial property insurance applications.

Texas SB1006 mandates insurers to provide written reasons for policy declinations, cancellations, or nonrenewals.

Texas SB1006 amends the Insurance Code to require insurers to furnish written explanations for declining, canceling, or refusing to renew insurance policies. These explanations must comply with specific sections and rules. The law applies to applications and policies made or renewed after its effective date of September 1, 2025. For applications or policies made before this date, existing laws continue to apply. Additionally, insurers must deliver written notice of declinations for liability or commercial property insurance applications.