Texas SB2712 modifies insurance policy form requirements for large risks.

Texas SB2712 amends the Insurance Code to exempt certain large risks from specific policy form requirements. Large risks are defined as those with total insured property values of $20 million or more, total annual gross revenues of $100 million or more, or a total premium of $100,000 or more for property insurance, $100,000 or more for general liability insurance, or $250,000 or more for multiperil insurance. This change applies only to insurance policies delivered, issued for delivery, or renewed on or after January 1, 2026.

Texas SB2712 modifies insurance policy form requirements for large risks.

Texas SB2712 amends the Insurance Code to exempt certain large risks from specific policy form requirements. Large risks are defined as those with total insured property values of $20 million or more, total annual gross revenues of $100 million or more, or a total premium of $100,000 or more for property insurance, $100,000 or more for general liability insurance, or $250,000 or more for multiperil insurance. This change applies only to insurance policies delivered, issued for delivery, or renewed on or after January 1, 2026.