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TX HB5173

Bill

Status

Introduced

3/14/2025

Primary Sponsor

Jay Dean

Click for details

Origin

House of Representatives

89th Legislature Regular Session

AI Summary

  • 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)

  • 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

  • Sets publication deadlines for compilation reports: October 1 for title insurance agent data and November 1 for title insurance company data each year

  • Allows title insurance companies and agents to continue charging current premium rates until new rates are established using data from the newly required reports

  • 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

Committee Referrals

Insurance4/7/2025

Full Bill Text

No bill text available