Texas SB1643 amends insurance rate regulations for property and auto insurance.

Texas SB1643 amends the Insurance Code to require insurers to file for prior approval of certain rate increases or decreases for residential property and personal automobile insurance. Specifically, insurers must file a rate with the Texas Department of Insurance if the rate represents an increase or decrease of more than 10 percent from the insurer's previously filed rate. The previously filed rate remains in effect until the new rate is approved. The changes apply to insurance policies delivered, issued for delivery, or renewed on or after January 1, 2026.

Texas SB1643 amends insurance rate regulations for property and auto insurance.

Texas SB1643 amends the Insurance Code to require insurers to file for prior approval of certain rate increases or decreases for residential property and personal automobile insurance. Specifically, insurers must file a rate with the Texas Department of Insurance if the rate represents an increase or decrease of more than 10 percent from the insurer's previously filed rate. The previously filed rate remains in effect until the new rate is approved. The changes apply to insurance policies delivered, issued for delivery, or renewed on or after January 1, 2026.