89R11619 SCR-F     By: Morgan H.B. No. 4062       A BILL TO BE ENTITLED   AN ACT   relating to the amount of a large risk that is exempt from certain   property and casualty insurance policy form requirements.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 2301.004, Insurance Code, is amended to   read as follows:          Sec. 2301.004.  EXEMPTION FOR LARGE RISKS. Sections   2301.006, 2301.007(a) and (b), and 2301.008 do not apply to forms   for use with an insured that has:                (1)  total insured property values of $20 [$5] million   or more;                (2)  total annual gross revenues of $100 [$10] million   or more; or                (3)  a total premium of $100,000 [$25,000] or more for   property insurance, $100,000 [$25,000] or more for general   liability insurance, or $250,000 [$50,000] or more for multiperil   insurance.          SECTION 2.  Section 2301.004, Insurance Code, as amended by   this Act, applies only to an insurance policy delivered, issued for   delivery, or renewed on or after January 1, 2026. A policy   delivered, issued for delivery, or renewed before January 1, 2026,   is governed by the law as it existed immediately before the   effective date of this Act, and that law is continued in effect for   that purpose.          SECTION 3.  This Act takes effect September 1, 2025.