The Texas Department of Insurance (TDI) seeks comments on an informal draft to improve the structure of Texas Windstorm Insurance Association (TWIA) rules. These updates do not include revisions to the rule text.
Visit the TDI website to view the informal draft and information on how to submit comments. The informal comments are due by 5 p.m. on Dec.15, 2020. T
Oil and Gas Field Classifications
TDI is also seeking comments on National Council on Compensation Insurance (NCCI) proposed changes to classifications for oil, gas field operations.
The NCCI filed amendments to Item B-1438—Revisions to Basic Manual Classifications for Oil and Gas Field Operations based on comments received during the initial comment period. Item B-1438 proposes to revise some class code descriptions for the oil and gas industry to include flowback services and drill site preparation.
NCCI proposes that Item B-1438 apply to policies effective on and after July 1, 2021.
Visit the TDI website for a copy of the notice and information on how to submit comments. The comment period extends to Dec. 9.
Source: TDI
Topics Catastrophe Natural Disasters Carriers Texas Energy Windstorm Oil Gas
Was this article valuable?
Here are more articles you may enjoy.
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
Are ‘Moderate’ Hurricanes Getting Squeezed Out of the Atlantic? 
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
