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Expert Analysis

Even Surplus Lines Laws Are Bigger And Better In Texas

By Victoria Vish (June 12, 2017, 5:01 PM EDT) -- On May 30, 2017, Texas House Bill 2492 made its final ascent to the office of Governor Greg Abbott. The bill passed through the Texas Legislature virtually unopposed. Assuming Governor Abbot signs the legislation, surplus lines insurers domiciled in Texas will for the first time be authorized to conduct business in the state.[1] Cue the excitement! Under current Texas law, only surplus lines carriers domiciled outside the state are permitted to write surplus lines coverage in Texas....

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