  The next--to--leading order predictions for the branching ratio BR(B -> X_s
gamma) are given in a generalized class of two Higgs doublets models. Included
are the recently calculated leading QED corrections. It is shown that the high
accuracy of the Standard Model calculation is in general not shared by these
models. Updated lower limits on the mass of the charged Higgs boson in Two
Higgs Doublet Models of Type II are presented.
