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Committee approves technical insurance bills on surplus-line bonds and code cross-references
2377199 · February 23, 2025
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Summary
The committee approved two additional insurance-related bills on voice votes: House Bill 261 removes bond requirements for nonresident surplus-line brokers under reciprocal arrangements, and House Bill 268 corrects a cross-reference in state code.
The committee approved two additional bills by voice vote during the same meeting.
House Bill 261: Committee members were told the bill would remove a bond requirement imposed on nonresident surplus-line brokers by an unintended consequence of a prior surplus-line law. The sponsor…
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