Committee Hearing Scheduled in Other Chamber Authored by Charles Schwertner (R) View at Source
Caption: Relating to prior approval of certain property and casualty insurance rate increases or decreases. Initially Referred to Senate Business & Commerce Committee, chaired by a Republican Last Referred to House Insurance Committee, chaired by a Republican
Texas Policy Research Priority #1: TPR Vote Recommendation OPPOSED
SB 1643 introduces prior approval requirements for certain residential property and personal automobile insurance rate changes. Insurers must seek approval from the Texas Department of Insurance for rate increases or decreases exceeding 10% from previously filed rates. The bill prevents insurers from using new rates until they receive department approval, ensuring stricter oversight of pricing fluctuations in the insurance market. Additionally, it reduces the threshold at which automatic rate approvals occur, preventing large rate hikes from taking effect without regulatory review.
Co-authors: Blanco (D); Middleton (R)
Feb 25, 2025
(S) Received by the Secretary of the Senate (S) Filed
Mar 11, 2025
(S) Read first time (S) Referred to the Senate Business & Commerce, chaired by a Republican
Mar 27, 2025
(S) Scheduled for public hearing on . . . (S) Considered in public hearing (S) Testimony taken in committee (S) Left pending in committee
Apr 8, 2025
(S) Considered in public hearing (S) Vote taken in committee
Apr 9, 2025
(S) Reported favorably as substituted (S) Committee report printed and distributed
Apr 16, 2025
(S) Middleton signed onto the bill as Coauthor (S) Co-author authorized (S) Placed on intent calendar
Apr 23, 2025
(S) Blanco signed onto the bill as Coauthor (S) Co-author authorized (S) Rules suspended-Regular order of business (S) Record vote (S) Read 2nd time & passed to engrossment
20250423_SB1643_E: Yea 26 (R 15, D 11) - Nay 5 (R 5, D 0)
(Thu 3/27/2025) Testifying before S Business & Commerce as Ann Baddour for Texas Appleseed (Thu 3/27/2025) Testifying before S Business & Commerce as Ware Wendell for Texas Watch (Tue 5/20/2025) Testifying before H Insurance as Ware Wendell for Texas Watch (Tue 5/20/2025) Registering before H Insurance as Ann Baddour for Texas Appleseed (Thu 3/27/2025) Registering before S Business & Commerce as Charles Cascio for AARP (Tue 5/20/2025) Registering before H Insurance as Charles Cascio for AARP (Thu 3/27/2025) Registering before S Business & Commerce as Jacob Smith for self (with Auto Body Association of Texas) (Thu 3/27/2025) Registering before S Business & Commerce as Sandra Haverlah for Texas Consumer Association (Thu 3/27/2025) Registering before S Business & Commerce as Selina Moran for self (Tue 5/20/2025) Registering before H Insurance as Steven Deline for self
