Texas SB945 prohibits insurers and holding companies from including or implementing political shareholder proposals.

Texas SB945 amends the Insurance Code to add a new chapter prohibiting insurers and holding companies from including or implementing political shareholder proposals. These proposals seek to limit insurance of fossil fuel-based energy risks, require tracking of greenhouse gas emissions, or restrict insuring entities involved in legal activity for environmental, social, or political ends. The act takes effect September 1, 2025.

Texas SB945 prohibits insurers and holding companies from including or implementing political shareholder proposals.

Texas SB945 amends the Insurance Code to add a new chapter prohibiting insurers and holding companies from including or implementing political shareholder proposals. These proposals seek to limit insurance of fossil fuel-based energy risks, require tracking of greenhouse gas emissions, or restrict insuring entities involved in legal activity for environmental, social, or political ends. The act takes effect September 1, 2025.