TDI Issues Bulletins on Harvey, Legislation

Sep 18, 2017 | eNews

The Texas Department of Insurance (TDI) has issued a number of bulletins regarding Hurricane Harvey, as well as legislation affecting insurance that has recently been enacted. The bulletins can be viewed below.

Commissioner’s Bulletin #B-0025-17
Hurricane Harvey – Restricting New Business for Personal Auto and Residential Property Insurance
Reminds insurers that they may restrict writing new business in response to a catastrophic natural event, but they must first file a restriction plan with TDI and receive prior approval

Commissioner’s Bulletin #B-0026-17
Hurricane Harvey – Policy Nonrenewal
Reminds insurers of their obligations under the Texas Insurance Code, including that an insurer may not consider losses incurred by natural causes or claims history involving water damage when nonrenewing certain policies

Commissioner’s Bulletin #B-0027-17
Hurricane Harvey – Flood Damaged Vehicles
Notes steps that must be taken by insurers when they take possession of a vehicle that has been damaged by water

Commissioner’s Bulletin #B-0028-17
Legislation Enacted – 85th Legislative Regular and First Called Sessions
Provides summaries of bills enacted by the 85th Texas Legislature that affect life, annuity, credit, accident, and health coverages

Commissioner’s Bulletin #B-0029-17
Legislation Enacted – 85th Legislature, Regular Session, 2017
Provides summaries of bills enacted by the 85th Texas Legislature that affect property and casualty insurance

Commissioner’s Bulletin #B-0030-17
Legislation Enacted – 85th Legislative Regular and First Called Sessions
Provides summaries of bills enacted by the 85th Texas Legislature that affect the regulation of solvency and licensing

Commissioner’s Bulletin #B-0031-17
Hurricane Harvey – Withdrawal of Business for Personal Auto and Residential Property Insurance
Reminds insurers who may be considering reducing business below the thresholds set out in the Texas Insurance Code that they must first file a withdrawal plan with TDI