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 is provided by a third party.
TDI said it may pursue enforcement action against an insurer if its use of inaccurate data harms policyholders. Insurers are encouraged to provide policyholders with a way to review and correct data being used by the insurer.
Questions regarding bulletin #B-0036-20 may be addressed to the Property and Casualty Actuarial Office at PCActuarial@tdi.texas.gov.
Source: TDI
Topics Texas Carriers Data Driven Agencies
Was this article valuable?
Here are more articles you may enjoy.
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Nine-Month 2025 Results Show P/C Underwriting Gain Skyrocketed 
US Appeals Court Rejects Challenge to Trump’s Efforts to Ban DEI 
‘Structural Shift’ Occurring in California Surplus Lines 
