H.B. No. 2067 amends the Texas Insurance Code to enhance regulations surrounding the declination, cancellation, or nonrenewal of insurance policies. The bill introduces new requirements for insurers, including the obligation to provide written statements detailing the reasons for declination, cancellation, or nonrenewal of insurance policies. Specifically, it mandates that insurers deliver these statements to applicants or policyholders, as well as their agents, and requires insurers to submit quarterly reports summarizing these reasons to the Texas Department of Insurance. The reports must be organized by zip code, ensuring transparency and accountability in the insurance process.

Additionally, the bill establishes provisions for electronic delivery of notices and specifies that insurers must notify applicants' agents of declinations for commercial lines of insurance. It also clarifies that the requirement for written notice of declination applies specifically to liability and commercial property insurance policies. The changes in law will take effect on January 1, 2026, and will apply only to applications made or policies issued or renewed after that date. Overall, H.B. No. 2067 aims to improve communication between insurers and policyholders, ensuring that individuals are informed about the status of their insurance applications and policies.

Statutes affected:
Introduced: Insurance Code 551.001, Insurance Code 551.002, Insurance Code 551.055 (Insurance Code 551)
House Committee Report: Insurance Code 551.001, Insurance Code 551.002, Insurance Code 551.055 (Insurance Code 551)
Engrossed: Insurance Code 551.001, Insurance Code 551.002, Insurance Code 551.055 (Insurance Code 551)
Senate Committee Report: Insurance Code 551.001, Insurance Code 551.002, Subchapter A, Chapter , Insurance Code 551.001, Insurance Code 551.007 (Subchapter A, Chapter , Insurance Code 551, Insurance Code 551)
Enrolled: Insurance Code 551.001, Insurance Code 551.002, Subchapter A, Chapter , Insurance Code 551.001, Insurance Code 551.007 (Subchapter A, Chapter , Insurance Code 551, Insurance Code 551)