Texas Insurance Commissioner Kent Sullivan Steps Down
Texas Insurance Commissioner Sullivan has announced his resignation following a three-year tenure at the agency.
Read Moreby Jon Gillum | Aug 18, 2020 | Texas Developments | United States
Texas Insurance Commissioner Sullivan has announced his resignation following a three-year tenure at the agency.
Read Moreby Christopher Martin | Jul 7, 2020 | Excess and Surplus Lines, Regulatory, Texas Developments | United States
Kent C. Sullivan, Commissioner of the Texas Department of Insurance (TDI) issued Order No. 2020-6384 on July 3, 2020, approving an amended Plan of Operation of the Surplus Lines Stamping Office of Texas (SLSOT).
Read Moreby Jon Gillum | Jul 1, 2020 | COVID-19, Texas Developments | United States
A special data call for the top 10 auto insurance groups in Texas may be on the horizon. On June 26, 2020, the Texas Office of Public Insurance Counsel (OPIC) issued a letter to the Texas Department of Insurance (TDI) requesting a special data call due to the impact of the Coronavirus pandemic on auto insurance-related risks.
Read Moreby Christopher Martin | Apr 16, 2020 | COVID-19, Texas Developments | United States
On April 15, 2020, the Texas Department of Insurance (TDI) issued a bulletin encouraging insurers to conduct midterm premium audits of commercial policies where premiums may need to be adjusted as a result of reduced business operations due to the impact of the COVID-19 pandemic.
Read Moreby Jon Gillum | Apr 8, 2020 | Texas Developments | United States
In the midst of the Coronavirus outbreak, the Texas Department of Insurance (TDI) has announced that it will not require insurers or HMOs to file a corporate governance annual disclosure this year.
Read Moreby Christopher Martin | Apr 2, 2020 | COVID-19, Texas Developments | United States
Texas Governor Gregg Abbott on March 31, 2020, issued Executive Order GA 14 renewing social distancing guidelines in Texas. Of particular significance to the insurance industry, the Governor’s Order adopted U.S. Department of Homeland Security guidance establishing insurance services as “essential services” and classifying members of the insurance industry as federally identified “essential critical infrastructure workers” under the broader heading of “Financial Services.”
Read Moreby Christopher Martin | Mar 25, 2020 | Texas Developments | United States
The Texas Department of Insurance has posted a bulletin announcing the extension of selected filing deadlines and a modification of filing requirements for reporting insurers.
Read Moreby Susan Kidwell | Mar 25, 2020 | Texas Developments | United States
In Richards v. State Farm Lloyds, — S.W.3d —, 2020 WL 1313782 (Tex. Mar. 20, 2020), the Texas Supreme Court answered a certified question from the Fifth Circuit Court of Appeals about the scope of an insurer’s duty to defend its insured against third-party claims. In determining whether an insurer has a duty to defend, Texas generally uses the “eight corners rule,” under which an insurer’s duty to defend is determined by comparing the claims alleged within the four corners of the petition with the coverage provided within the four corners of the policy.
Read Moreby Jon Gillum | Mar 24, 2020 | COVID-19, Regulatory, Texas Developments
Based on orders issued by Texas Governor Greg Abbott in response to COVID-19, the Texas Department of Insurance has announced that certain licensing requirements and fees have been suspended for Texas-licensed insurance agents, adjusters, title agents, escrow officers, life settlement brokers, and life settlement providers.
Read Moreby Jon Gillum | Mar 23, 2020 | COVID-19, Regulatory, Texas Developments | United States
The Texas Department of Insurance (TDI) has announced that the claims-handling deadlines imposed by Texas prompt-payment laws are extended by 15 days. The extension will assist carriers in responding to the Coronavirus pandemic and results from the combined operation of actions taken by Texas Governor Greg Abbott and Texas Insurance Commissioner Kent Sullivan.
Read More