TDI to Accept Comments on Consumer Bill of Rights Draft
The Office of Public Insurance Counsel (OPIC) has petitioned the Texas Department of Insurance (TDI) to adopt its draft of the Consumer Bill of Rights for Homeowners, Dwelling, and Renters Insurance. TDI will accept public comments on the rule draft until 5:00 pm CST, on May 29, 2019.
Under Texas statute, OPIC is charged with submitting a consumer bill of rights for each personal line of insurance regulated by TDI, and TDI has the authority to make changes and take the action proposed by OPIC’s petition.
OPIC’s working draft would create a new rule for the Consumer Bill of Rights for Homeowners, Dwelling, and Renters Insurance that is separate from the rule for the Consumer Bill of Rights for Personal Automobile Insurance. It would also update the homeowner consumer bill of rights to make it easier to read.
If adopted, TDI will notify all insurers writing homeowners, renters, or dwelling insurance in Texas of the new rule and their requirement to distribute the revised Bill of Rights with each new policy and renewal notice to current policyholders.
More information about the proposed draft can be found on the TDI website.