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TX HB5173
Bill
Status
3/14/2025
Primary Sponsor
Jay Dean
Click for details
AI Summary
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Requires the Texas Department of Insurance to issue annual calls for statistical report data from title insurance agents by March 1 (with reports due May 1) and from title insurance companies by April 1 (with reports due June 1)
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Mandates the department publish compilation reports summarizing submitted statistical data on its website, including information on loss experience, operating expenses, premiums, and other material matters
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Sets publication deadlines for compilation reports: October 1 for title insurance agent data and November 1 for title insurance company data each year
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Allows title insurance companies and agents to continue charging current premium rates until new rates are established using data from the newly required reports
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Takes effect immediately with a two-thirds legislative vote, otherwise becomes effective September 1, 2025
Legislative Description
Relating to annual statistical reports for fixing title insurance premium rates.
Insurance
Last Action
Committee report sent to Calendars
4/29/2025