Insurance companies that sell accident and health insurance coverage in Texas may need to comply with disclosure requirements if a bill that passed the State House becomes law.
H.B. 3769, which unanimously passed the House on Friday, would require insurers selling occupational insurance to include a 10-point bold message on the front page of all insurances stating that the insurance “is not a compensation for employee compensation … (and) The employer may not the benefits that would otherwise be obtained under the workers' compensation laws in this state.
The legislation would apply to accident and sickness insurance that covers employees' bodily injury, illness or death policies that explicitly provide liability protection for employers who choose not to maintain work skills; accident, health or liability insurance marketed as an alternative to workers; or any insurance that covers occupational accidents and health and liability protection.
The bill applies to all insurers, including surplus insurers, Llyods insurers and mutual or interinsurance exchanges.
Insurances that only cover a few specific illnesses, health care benefits or long-term care or individual or group life policies would be exempt from the rule.
If signed into law, the bill would enter into force on 1