Relating to declination, cancellation, or nonrenewal of insurance policies.

SB 1006 requires Texas insurers to provide written explanations for declining insurance applications, canceling policies, or refusing to renew coverage. This applies to applicants and policyholders for liability and commercial property insurance, as well as other policies covered under the Texas Insurance Code. Insurers must send a clear written notice stating the specific reason for the decision, following rules set by the insurance commissioner. The law takes effect September 1, 2025, and only applies to policies delivered or renewed on or after that date.