Texas Department of Insurance News

Deadline for Applying to Texas FAIR Plan Assoc. Governing Committee Extended

The Texas Department of Insurance has extended a deadline to apply to serve on the board that governs the Fair Access to Insurance Requirements (FAIR) Plan, which provides residential property insurance in underserved areas where it’s not readily available through …

Texas Sets Work Comp Discount, Interest Rate at 3.96%

The Texas Department of Insurance, Division of Workers’ Compensation has set the workers’ comp interest/discount rate for the fourth quarter of 2015 at 3.96 percent. This rate is computed by using the treasury constant maturity rate for one-year treasury bills …

Texas Windstorm Insurance Assoc. Seeks Hike in Liability Limits

The Texas Department of Insurance will hold a public hearing on a request by the Texas Windstorm Insurance Association to increase maximum policy liability limits. The hearing under Docket No. 2780 will be held at 10:30 a.m., on Thursday, Oct. …

Texas AG: Residential Underwriting Guidelines Not Confidential

The Office of the Attorney General of Texas (OAG) has issued an open records ruling indicating that residential property underwriting guidelines are not made confidential by Insurance Code, Section 38.002, the Texas Department of Insurance announced in Commissioner’s Bulletin #B-0021-15 …

TDI Posts Summary of Bills Affecting Property/Casualty Insurers

The Texas Department of Insurance has produced a summary of various bills passed by the Texas Legislature this year that impact property/casualty insurance companies. Many but not all of the following were effective Sept. 1: House Bills HB 1733 Auto …

Texas Extends Deadline in Windstorm Insurance Board Search

The Texas Department of Insurance is extending its deadline for accepting applications for the Texas Windstorm Insurance Association board to September 1. The original deadline for applications was Aug. 15. The board is being revamped as a result of the …

Deadline for Applying to Texas Windstorm Insurance Board Nears

The Texas Department of Insurance is accepting applications for the Texas Windstorm Insurance Association board of directors after the makeup of the board was changed by the 84th Legislature. The deadline for applications is August 15. Under Senate Bill 900, …

Texas Issues Data Call on Named Driver Policies, Excluded Driver Endorsements

The Texas Department of Insurance has issued a special data call to obtain information from insurance companies writing private passenger automobile insurance in Texas. TDI said the information requested is in response to legislative inquiries and pertains to bodily injury …

Former Deputy AG Mattax Named Texas Insurance Commissioner

A former top deputy of Republican Gov.-elect Greg Abbott is taking over the Texas Department of Insurance. David Mattax was named commissioner on Jan. 12. He is currently a deputy attorney general who took the lead defending Republican-drawn Texas voting …

Texas to Hold Hearings on Workers’ Comp Rates and Relativities

The Texas Department of Insurance has scheduled public hearings to review rates charged by insurers for workers’ compensation insurance in this state, and to consider revised Texas workers’ compensation classification relativities. The hearings will proceed consecutively, and will begin at …