The Texas Senate gave preliminary approval to the Insurance Immunity Act – SB 1628 – today. After a procedural vote and a few “clean up” amendments expected tomorrow, the bill heads to the Texas House. Following is a statement from Alex Winslow, executive director of policyholder advocacy organization Texas Watch:
The Texas Senate chose to protect deny, delay, underpay insurance industry tactics, making it easier for insurance companies to cheat their customers. The affect of this legislation – if passed by the House – would be to undermine crucial policyholder protections designed to ensure fair, timely payments to Texas families and businesses with valid insurance claims.
The bill’s author and supporters are selling a line that SB 1628 somehow helps consumers. It does not. You don’t help policyholders by taking away their rights.
This bill is fundamentally flawed and is facing growing opposition within the business community and a groundswell of grassroots opposition from Texans across the state.
We look forward to the debate in the House.
Click here for more information about the bill’s dangerous provisions, as well as the bill’s opposition.