When was the Texas Surplus Lines Insurance Act enacted?

The Texas Surplus Lines Insurance Act was enacted in 1997, marking a significant step in the regulation of surplus lines insurance within the state. This legislation was introduced to provide a framework for the licensing of surplus lines agents and the regulation of surplus lines insurers. It was designed to ensure that consumers have access to insurance coverage that might not be readily available through standard markets, while also imposing certain requirements to protect the interests of policyholders.

Understanding this timeline is essential for anyone involved in the surplus lines market in Texas, as it helps clarify the regulatory landscape and the historical context of surplus lines transactions in the state.