Governor Abbott Has Signed HB 2279
HB 2279 amends Chapter 1303, which regulates RSCs, the providers of home warranty services. The bill accounts for the difference between RSCs who insure ALL of their outstanding risk through a third party insurance company and those that maintain a funded reserve. The bill simplifies certain regulatory requirements for fully insured RSCs and streamlines the contract and rate filing requirements for RSCs that are already licensed in Texas.
Effective January 1, 2018, the bill clarifies the agency’s jurisdiction, enhances confidentiality provisions currently in statute and increases certain consumer protections.