Relating to arbitration provisions in certain surplus lines insurance contracts.

HB 2275 requires that surplus lines insurance contracts (specialized policies for high-risk or hard-to-place coverage) containing arbitration agreements must specify that any arbitration occurs in Texas and follows Texas law. It mandates that both the arbitration process and contract interpretation be governed by Texas statutes, applying only to contracts delivered, issued, or renewed on or after January 1, 2026. Existing contracts before that date remain subject to prior law. The bill takes effect September 1, 2025, and directly affects insurers writing surplus lines policies in Texas.