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

Texas Senate Bill 796

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-Enrolled.html



	S.B. No. 796




	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 may not be construed as a
	defense to the enforcement of:
	(1) an arbitration agreement that complies with or has
	been reformed to comply with this subsection; or
	(2) an award made under an agreement described by
	Subdivision (1).
	SECTION 2. Section 981.101(d), Insurance Code, as added by
	this Act, applies only to an arbitration commenced on or after the
	effective date of this Act.
	SECTION 3. This Act takes effect September 1, 2023.





	______________________________	______________________________
	President of the Senate	Speaker of the House

	I hereby certify that S.B. No. 796 passed the Senate on
	March 30, 2023, by the following vote: Yeas 31, Nays 0; and that
	the Senate concurred in House amendments on May 25, 2023, by the
	following vote: Yeas 31, Nays 0.


	______________________________
	Secretary of the Senate

	I hereby certify that S.B. No. 796 passed the House, with
	amendments, on May 19, 2023, by the following vote: Yeas 136,
	Nays 3, two present not voting.


	______________________________
	Chief Clerk of the House



	Approved:

	______________________________
	Date


	______________________________
	Governor