Bill Text: TX SB796 | 2023-2024 | 88th Legislature | Comm Sub

Texas Senate Bill 796

NOTE: There are more recent revisions of this legislation. Read Latest Draft

Bill Title: Relating to arbitration provisions in surplus lines insurance contracts.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Vetoed) 2023-06-17 - Vetoed by the Governor [SB796 Detail]

Download: Texas-2023-SB796-Comm_Sub.html

	88R24767 JES-D

	By: Middleton, et al.	S.B. No. 796

	(A. Johnson of Harris)

	Substitute the following for S.B. No. 796: No.



	A BILL TO BE ENTITLED
	AN ACT
	relating to arbitration provisions in surplus lines insurance
	contracts.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 981.101, Insurance Code, is amended by
	adding Subsection (d) to read as follows:
	(d) An arbitration under a surplus lines insurance contract
	that is related to a risk located entirely in this state must be
	conducted in this state, and the insurance contract, including the
	arbitration agreement, must be interpreted in accordance with the
	laws of this state. This subsection applies to an arbitration under
	a surplus lines insurance contract entered into in or outside of
	this state.
	SECTION 2. Section 981.101(d), Insurance Code, as added by
	this Act, applies only to a surplus lines insurance contract
	delivered, issued for delivery, or renewed on or after January 1,
	2024.
	SECTION 3. This Act takes effect September 1, 2023.