Relating to the disclosure of total loss evaluation materials by automobile insurers.

HB 722 requires Texas auto insurers to provide policyholders with a written explanation of how they calculate vehicle loss amounts when requested. Specifically, insurers must detail the procedures, formulas, or methods used to determine repair costs and the salvage value of a damaged vehicle. This applies to all auto insurers in Texas (including companies, mutuals, and exchanges) for policies delivered, issued, or renewed on or after January 1, 2026. The bill takes effect September 1, 2025, but the disclosure requirement only applies to new policies after 2025.