Texas Department of Insurance (TDI) News

Texas Denies Windstorm Insurer’s Rate Hike Request

Texas regulators have denied a request for a 5% rate increase by the state’s insurer of last resort for wind and hail for properties along the Texas coast. The Texas Department of Insurance (TDI) has rejected the Texas Windstorm Insurance …

Texas Selects Insurance Services Office as Statistical Agent for Cat Event Plan

Texas has selected Insurance Services Office Inc. (ISO) as the statistical agent for the Texas Catastrophe Event Statistical Plan for Personal and Commercial Risks. ISO’s selection follows the Sept. 15, 2020, insurance commissioner’s Order No. 6467 adopting 28 TAC § …

Texas Reminds Insurers, Agents of Data Accuracy Responsibilities

The Texas Department of Insurance has issued a bulletin reminding all regulated entities, their agents, and their representatives that they are responsible for the accuracy of the data used in rating, underwriting, and claims handling – even if the data …

Veterans Now May Be Reimbursed for Texas Insurance Exam Fees

Veterans who passed any Texas insurance exam since early 2019 can now get reimbursed for the fee after the U.S. Department of Veteran Affairs approved the state’s request, the insurance department said. Veterans may seek reimbursement of exam fees going …

Texas Insurance Department Asked to Conduct Auto Insurance Data Call

The Texas Office of Public Insurance Counsel (OPIC) has asked the Texas Department of Insurance (TDI) to conduct a special data call of the top 10 auto insurance groups in the state to gather information about personal auto claims during …

Texas Seeks Comments on Proposed Rule Prohibiting Named Driver Policies

The Texas Department of Insurance is accepting comments on a newly posted rule proposal that repeals and amends requirements for the delivery or renewal of named driver automobile policies. This rule implements HB 259, which passed in 2019 and prohibits …

Texas to Insurers: Credit Score Exemption Rules Apply During Pandemic

The Texas Department of Insurance (TDI) has issued a reminder to carriers that Insurance Code Section 559.103 provides for exceptions to the use of credit scores affected by certain events, including temporary job loss. TDI said the exemption applies following …

Implementation of New Texas Coastal Building Code Extended to September

The start date for implementation of the new building code standard for Texas’ property insurance provider for wind and hail in counties along the state’s coastline has been extended. The Texas Department of Insurance (TDI) issued an emergency rule to …

Texas Insurance Regulators Expediting Review of COVID-19 Coverage Filings

The Texas Department of Insurance (TDI) said it is expediting approvals for property/casualty filings that provide additional coverage or relief to policyholders during the COVID-19 outbreak. Recent filings related to COVID-19 include: Some auto insurers filed to remove delivery exclusions …

Some TDI Meetings, Events to Go Online, Some Postponed or Cancelled

The Texas Department of Insurance (TDI) is postponing or creating online options for several upcoming meetings and events to help prevent the spread of COVID-19. March 26: Stakeholder meeting on SB 1264 data reporting. Status: There will be a webinar …