“The Texas Responsible Artificial Intelligence Governance Act, which will become effective on January 1, 2026, applies across industries to AI systems used in business, commerce, healthcare, government, and consumer interactions. The Act broadly prohibits any discriminatory or manipulative practices and improper handling of personal information in the use of AI — exempting financial institutions only to the extent that they are following existing industry-specific state or federal regulations — and also requires a disclosure to consumers who may interact with AI systems and tools.”
Texas Responsible Artificial Intelligence Governance Act
“The law contains exceptions for insurers that are providing insurance services ‘subject to applicable statutes regulating unfair discrimination, unfair methods of competition, or unfair or deceptive acts or practices related to the business of insurance.’ There is another exception for federally insured financial institutions ‘if the institution complies with all federal and state banking laws and regulations.’”