Tex. Ins. Code § 565.007

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 565.007 - Regulatory Action

Nothing in this chapter is intended to authorize the department to adopt any rule, model, or standard requiring an insurer to use any environmental, social, or governance model law, regulation, or other standard that has not been specifically authorized by statute, including:

(1) a rule, model, or standard required under any federal law that does not preempt state law under the McCarran-Ferguson Act (15 U.S.C. Section 1012 (b)); or

(2) a rule, model, or standard required by any national organization, including the National Association of Insurance Commissioners, that has not been specifically authorized by statute.

Tex. Ins. Code § 565.007

Added by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 1144,Sec. 1, eff. 9/1/2023, app. to an insurance policy that is delivered, issued for delivery, or renewed in this state on or after January 1, 2024.