Texas Legislature Amends Prompt Pay Statute for Insurance Claims
The Texas Legislature has passed new legislation that amends key provisions of Texas’s Prompt Pay Statute for insurance claims.
Read MoreTopic: Texas Developments
Texas Considers Domestic Surplus Lines Insurance Company Legislation
The Texas Legislature is currently considering the authorization of domestic surplus lines insurance companies in Texas. If approved, Texas would join at least 10 other states with similar domestic surplus lines insurance company laws.
Read MoreKey-Fob Amendment to Texas Service Contract Law Considered by Legislature
The Texas Legislature is considering legislation that would expressly permit service contracts to include the replacement of a motor vehicle key or key-fob.
Read MoreNew Texas Surplus Lines Rules Drafted by Texas Department of Insurance
The Texas Department of Insurance (“TDI”) has posted a 48-page working draft of new surplus lines rules. Specifically, TDI issued an informal notice on July 22, 2016 reflecting several modifications to Title 28, Texas Administrative Code Chapter 15—the regulations which implement Texas’s surplus lines insurance laws found in Texas Insurance Code Chapters 981 and 225.
Read MoreNew Texas Form A Requirements and Confidentiality Provisions Adopted by Texas Department of Insurance
The Texas Department of Insurance (TDI) recently adopted amendments to 28 TAC §7.209 (Rule 7.209) relating to the requirements for Form A filings in connection with the acquisition or change of control of Texas domestic insurers.
Read MoreLocke Lord’s Insurance & Reinsurance Newsletter – May 2016
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.
Read MoreTexas Department of Insurance Seeks Input for 2016 Biennial Report to the Texas Legislature
On March 10, 2016, the Texas Department of Insurance (TDI) will hold a stakeholders meeting to seek input on the preparation of the Department’s next report to the Texas Legislature.
Read MoreReorganization of Texas Lloyd’s Plan
Locke Lord LLP recently represented a national platform client in connection with a unique internal reorganization and simplification of their Texas insurance company subsidiary organizational chart. The principal objective on this engagement was to eliminate a legacy Texas Lloyd’s Plan (“TLP”) entity.
Read MoreMore Senior Staff Changes at the Texas Department of Insurance
After 24 years of service with the Texas Department of Insurance (TDI), General Counsel Sara Wait will be retiring in December 2015.
Read MoreNew Texas Medical Stop-Loss Rules Drafted by Texas Department of Insurance
Within an environment of increased federal and state regulatory emphasis on health insurance related issues arising due to the passage by the U.S. Congress of the Patient Protection and Affordable Care Act of 2010, the Texas Department of Insurance (“TDI”) has drafted new and potentially transformative rules relating to medical stop-loss insurance policies issued in connection with self-funded employer health benefit plans.
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