The bill, H.B. No. 3001, amends the Texas Insurance Code to clarify the applicability of certain sections to commercial and residential property insurance policies. Specifically, it expands the list of insurers to include farm mutual insurance companies while removing the reference to eligible surplus lines insurers when the insured's home state is Texas. This change aims to streamline the types of insurance companies that can be involved in contracts with public insurance adjusters.

The bill is set to take effect on September 1, 2025, allowing for a transition period for insurers and policyholders to adapt to the new regulations regarding public insurance adjuster contracts.

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