Texas SB495 restricts the Texas Department of Insurance from adopting rules based on environmental, social, and governance models, ratings, or.

Texas SB495 amends the Insurance Code to restrict the Texas Department of Insurance from adopting rules that implement or are based on environmental, social, and governance models, ratings, or standards. Specifically, the bill prohibits the commissioner from adopting or enforcing such rules unless expressly authorized by statute. The bill also allows for legal challenges to rules adopted in violation of these provisions. The changes apply to proposed rules filed with the secretary of state after the effective date of the act, which is September 1, 2025.

Texas SB495 restricts the Texas Department of Insurance from adopting rules based on environmental, social, and governance models, ratings, or.

Texas SB495 amends the Insurance Code to restrict the Texas Department of Insurance from adopting rules that implement or are based on environmental, social, and governance models, ratings, or standards. Specifically, the bill prohibits the commissioner from adopting or enforcing such rules unless expressly authorized by statute. The bill also allows for legal challenges to rules adopted in violation of these provisions. The changes apply to proposed rules filed with the secretary of state after the effective date of the act, which is September 1, 2025.