Texas Developments

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The Texas Department of Insurance (“TDI”) has amended its administrative rules governing Texas captive insurance companies.  Specifically, TDI has revised various provisions in Volume 28, Chapter 6 of the Texas Administrative Code, primarily to comport with prior legislative changes in 2017 that impact the formation and oversight of captive insurance…
Read More New Captive Insurance Rules Adopted in Texas

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.  The…
Read More Texas Department of Insurance Announces New Legislative Priorities

The Texas Commissioner of Insurance has announced the repeal and replacement of provisions Chapter 15 Texas Administrative Code related to the regulation of surplus lines insurance.  The proposed new rules were originally published in June, 2018 and have been adopted with modification.  According to the December 10, 2018 adopting release,…
Read More Texas Revamps Surplus Lines Regulations

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…
Read More 2018 Statewide Elections: A Mixed Bag for Insurers?

The Texas Department of Insurance (“TDI”) has proposed amendments to 28 Texas Administrative Code sections 7.83 and 7.84, which govern the appeal of and frequency of TDI examinations. These amendments address changes to Texas Insurance Code section 401.052 and Chapter 964 of the Texas Insurance Code resulting from prior legislation. …
Read More Texas Department of Insurance Proposes Amendments to Examination Rules

The Texas Department of Insurance (TDI) has proposed a new rule and certain amendments to existing rules intended to implement provisions of the Texas Insurance Code that apply to captive insurance companies.

The proposed rule and amendments follow 2015 and 2017 legislative amendments to the Insurance Code, which enacted certain…
Read More Texas Regulators Propose Increased Opportunities for Domestic Captives

Locke Lord’s Insurance & Reinsurance Newsletter provides topical snapshots of recent developments in the fast-changing world of insurance. For further information on any of the subjects covered in the newsletter, please contact one of the members of our Insurance team.

In This Issue:

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Read More Insurance and Reinsurance Newsletter – September 2018

Texas Department of Insurance (TDI) has recently announced that it will now require online applications for most individual insurance related licenses.

Paper applications will no longer be accepted if an online license application is available.

Not all applications are web-based. Some license types are still required to be submitted using…
Read More TDI to Require Online Applications for Insurance Licenses

Locke Lord LLP Senior Counsel Jon Gillum has been serving on the Planning Committee for a joint effort by the Insurance Section of the State Bar of Texas and the Austin Bar Association to increase the involvement of Texas insurance regulatory attorneys in bar activities. On August 29, 2018, Gillum…
Read More Locke Lord LLP Attorney Jon Gillum Contributes to Inaugural Insurance Regulatory Event in Austin

Long-time TDI senior staff member Doug Slape has been promoted to a newly-created position at the Texas Department of Insurance.  According to the Department, Slape has been named “second-in-command” behind Insurance Commissioner Kent Sullivan.  Slape has been with TDI for 30 years and most recently served as Deputy Commissioner for…
Read More Texas Department of Insurance Now Has a “Second-in-Command”