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  89R20723 SCL-D     By: Morgan, Barry, Johnson, Garcia Hernandez, H.B. No. 2275       Bryant, et al.     Substitute the following for H.B. No. 2275:     By:  Dean C.S.H.B. No. 2275       A BILL TO BE ENTITLED   AN ACT   relating to arbitration provisions in certain surplus lines   insurance contracts.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 981.101, Insurance Code, is amended by   adding Subsection (d) to read as follows:           (d)     A surplus lines insurance contract for a risk located   wholly in this state and that contains an arbitration agreement   must provide that:                 (1)  the arbitration will be:                       (A)  conducted in this state unless:                             (i)     the insurer and policyholder agree to a   different venue after the insurer provides written notice to the   policyholder of the insurer's request for a different venue; and                             (ii)     the insurer provides the policyholder   with a premium credit for the costs incurred by the policyholder as   a result of the change in venue; and                       (B)  governed by the laws of this state; and                 (2)     the insurance contract will be interpreted in   accordance with the laws of this state.          SECTION 2.  Section 981.101(d), Insurance Code, as added by   this Act, applies only to a surplus lines insurance contract   delivered, issued for delivery, or renewed on or after January 1,   2026. A surplus lines insurance contract 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.