Topic: Texas Developments

Texas Suspends Certain Insurance Licensing Requirements to Address Coronavirus Outbreak

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.

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Texas Department of Insurance Announces Extension of Claims Handling Deadlines Due to COVID-19

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.

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Texas Department of Insurance Warns Insurance Agents and TPAs About Unauthorized ‎Insurance Liability

The Texas Department of Insurance (“TDI”) has issued a warning about certain unauthorized ‎insurance and the liability that can attach to third-party administrators (“TPAs”) and insurance ‎agents that are involved in unauthorized insurance transactions, even when those parties hold ‎valid TDI licenses.

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Texas Department of Insurance Announces New Legislative Priorities

The Texas Department of Insurance (“TDI”) has released its 2018 Biennial Report to the 86th ‎Texas Legislature. Every two years and pursuant to Texas Insurance Code section 32.022, TDI ‎releases a report on insurance areas that the Department has identified for priority attention in the ‎upcoming Texas legislative session.‎

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2018 Statewide Elections: A Mixed Bag for Insurers?

All eyes have been focused on the federal mid-term elections and the impact on the U.S. House and Senate. Post-mortems by the pundits have begun. See Locke Lord’s take on the mid-terms. The divided government in Washington, D.C. may well stymie efforts to regulate the insurance industry at the federal level, except in very limited circumstances where bi-partisan accord can be achieved.

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