Group property and casualty insurance policies

Texas House Bill 3388, enacted in 2025, allows certain groups to purchase property and casualty insurance policies collectively. This means that organizations or associations can obtain insurance coverage for their members under a single policy, potentially leading to cost savings and streamlined administration.

Supporters of HB3388 argue that it provides organizations with a more efficient way to secure insurance for their members, leading to potential cost reductions and simplified management. They believe this collective approach enhances accessibility to comprehensive coverage for various groups.

Critics of HB3388 express concerns that group insurance policies might not adequately address the specific needs of individual members, potentially resulting in gaps in coverage. They also worry that the collective nature of these policies could lead to complexities in claims processing and disputes over coverage terms.