Relating to the amount of a large risk that is exempt from certain property and casualty insurance policy form requirements.

HB 4062 would amend Texas insurance law to increase the thresholds for businesses exempt from certain property and casualty insurance policy requirements. It proposes raising the exemption levels to $20 million in total insured property value, $100 million in annual revenue, or $100,000+ in property insurance premiums (from current $5 million/$10 million/$25,000 levels). This change would apply only to policies delivered, issued, or renewed on or after January 1, 2026. The bill was withdrawn from consideration on April 30, 2025, and did not become law.