H.B. No. 1094 amends the Finance Code and the Insurance Code in Texas to regulate transportation protection agreements. The bill defines "transportation protection agreement" and clarifies that it does not fall under the category of prepaid funeral benefits or funeral services. Specifically, it states that prepaid funeral benefits do not include transportation protection agreements, and funeral services do not encompass services provided under such agreements. Additionally, the bill introduces a new section in the Insurance Code that outlines the definition of a transportation protection agreement as an agreement to pay for the transportation of a deceased human body from the place of death to a licensed facility, provided the distance exceeds 75 miles.

Furthermore, the bill establishes that transportation protection agreements sold by a seller do not constitute the business of insurance in Texas and are exempt from the requirements of the Insurance Code. This legislative change aims to clarify the regulatory framework surrounding transportation protection agreements, ensuring they are distinctly categorized and exempt from insurance regulations. The act is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Finance Code 154.002, Subchapter B, Chapter , Insurance Code 101.056 (Subchapter B, Chapter , Insurance Code 101, Finance Code 154)
House Committee Report: Finance Code 154.002, Subchapter B, Chapter , Insurance Code 101.056 (Subchapter B, Chapter , Insurance Code 101, Finance Code 154)
Engrossed: Finance Code 154.002, Subchapter B, Chapter , Insurance Code 101.056 (Subchapter B, Chapter , Insurance Code 101, Finance Code 154)