Texas SB2596 amends the Insurance Code to regulate group property and casualty insurance policies.

Texas SB2596 amends the Insurance Code to introduce new rules for group property and casualty insurance policies. The bill defines a "permitted group" as a group of 10 or more insureds with a preexisting relationship. Insurers must provide certain disclosures during policy applications and deliver specific documents to policy members. The bill also allows for incidental casualty coverage in group policies and mandates that group policies do not contain shared aggregate limits.

Texas SB2596 amends the Insurance Code to regulate group property and casualty insurance policies.

Texas SB2596 amends the Insurance Code to introduce new rules for group property and casualty insurance policies. The bill defines a "permitted group" as a group of 10 or more insureds with a preexisting relationship. Insurers must provide certain disclosures during policy applications and deliver specific documents to policy members. The bill also allows for incidental casualty coverage in group policies and mandates that group policies do not contain shared aggregate limits.