Relating to certain trade practices related to life insurance, annuity contracts, and accident and health coverage.
What changed between versions
Added a new definition for 'Agent' to include third-party administrators authorized to act as administrators for an insurer under Chapter 4151.
Expanded applicability to include third-party administrators acting on behalf of life insurers and accident and health insurers.
Added multiple employer welfare arrangements holding certificates of coverage under Chapter 846 to the list of entities covered under accident and health coverage regulations.
Modified Section 1702.005 to add new provisions prohibiting the use of tracking devices without disclosure and consent, and clarifying that the chapter does not prohibit offering loss-control or value-added products at discounted prices.
Added new sections requiring insurers to provide contact information to consumers for questions about loss-control or value-added products and services.
Modified Section 1702.104 to add exemptions for loss-control or value-added services and products allowed under Subchapter B.
Modified Section 1702.154 to add exemptions for loss-control or value-added products and services allowed under Subchapter B.
Added new Section 1702.155 allowing premium discounts, rebates, or reductions for participation in disease prevention, wellness, and health programs.
Added effective date of September 1, 2025, and applicability date of January 1, 2026, for policies, annuities, or health care plan contracts.
Repealed Sections 541.056, 541.057, 541.058, 543.003, and 1201.013 of the Insurance Code.
