The bill, H.B. No. 3001, amends the Texas Insurance Code to clarify the types of insurance companies that are subject to regulations regarding contracts with public insurance adjusters. Specifically, it updates Section 4102.007(a) to include farm mutual insurance companies as eligible insurers for commercial or residential property insurance policies. Additionally, it removes the provision that previously included eligible surplus lines insurers, which specified that such insurers would only be applicable if Texas was the insured's home state.

The changes aim to streamline the list of insurers and ensure that the law reflects current practices in the insurance industry. The bill is set to take effect on September 1, 2025, allowing time for stakeholders to adjust to the new regulations.

Statutes affected:
Introduced: Insurance Code 4102.007 (Insurance Code 4102)