Texas Revamps Surplus Lines Regulations
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.
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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.
Read More2018 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.
Read MoreTexas Department of Insurance Proposes Amendments to Examination Rules
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.
Read MoreTexas Regulators Propose Increased Opportunities for Domestic Captives
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.
Read MoreTDI to Require Online Applications for Insurance Licenses
Texas Department of Insurance (TDI) has recently announced that it will now require online applications for most individual insurance related licenses.
Read MoreLocke Lord LLP Attorney Jon Gillum Contributes to Inaugural Insurance Regulatory Event in Austin
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.
Read MoreGovernor Abbott to Pre-Screen Texas Agency Rules
According to an article in the Quorum Report published June 27, 2018, Governor Greg Abbott wants to review all Texas agency rules before they are posted in the Texas Register for public comment.
Read MoreTexas Attorney General Addresses Open Meetings Act Issues Raised by Termination of Railroad Commission Executive Director
Texas Attorney General Ken Paxton recently issued Opinion No. KP-205 which addressed a number of questions posed by Representative Rafael Anchia stemming from issues surrounding the termination of the Executive Director of the Texas Railroad Commission (the “Commission”).
Read MorePowerful But Not Responsible: Texas Department of Insurance Clarifies Licensed Officer Requirement for Insurance Agencies
The Texas Department of Insurance (“TDI”) has now offered guidance on one of the most overlooked requirements for a Texas-licensed (both resident and non-resident) insurance agency: the requirement that an agency have an individually-licensed “officer” or “active partner” who holds an individual insurance agent license for the same line or lines of insurance as does the agency.
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