Relating to the amount of a large risk that is exempt from certain property and casualty insurance policy form requirements.

SB 2712 amends Texas insurance law to increase the thresholds for exemptions from certain property and casualty insurance policy requirements. It exempts large risks meeting one of three criteria: insured property values of $20 million or more, annual gross revenues of $100 million or more, or annual premiums of $100,000+ for property/liability insurance or $250,000+ for multiperil insurance. These changes apply only to policies delivered, issued, or renewed on or after January 1, 2026, with existing policies governed by prior law. The bill directly affects large businesses and insurers by reducing regulatory requirements for high-value commercial coverage.