Topic: Insurance

Texas 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”).

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Powerful 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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Insurers Brace for a Texas-Sized Assessment for Fair Plan Members

At its recent December 11th meeting in Corpus Christi, Texas, the Governing Committee of the Texas FAIR Plan Association (TFPA) is reported to have approved an assessment for its insurance company members of over $64 million in relation to a currently estimated $90 million gross loss for the TFPA from Hurricane Harvey and a 2016 year-end and ongoing 2017 operating deficit.

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