The Texas Department of Insurance (TDI) has issued a data call to insurance companies writing personal automobile and residential property policies in the state.
The department said the information is needed for price comparison on the HelpInsure website. HelpInsure.com is a resource for Texas consumers who are shopping for personal automobile or residential property insurance. Insurance Code Section 32.102 requires that TDI provide this information.
Responses for this data call are due by Aug. 26, 2020, for rates effective June 1, 2020.
Insurers who are in one of the top 25 national groups and have more than $1 million in direct written premiums in Texas must respond to this call.
Those insurers must also include data from all business issued and processed through nonaffiliated companies, such as a county mutual.
TDI will notify insurers by email if they meet the above criteria and must report. Insurers in the top-25 national groups that are not writing new business must confirm this in writing to TDI.
TDI encourages all other property and casualty insurers to participate, but participation is optional for companies that do not receive the notification.
More information regarding the data call, including filing instructions, may be found on TDI’s website.
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