TEXAS DEPARTMENT OF INSURANCE
TDI Expedites Review of COVID-19 Filings
TDI announced today that they are expediting approvals for property and casualty filings that provide additional coverage or relief to policyholders during the COVID-19 outbreak. Some recent filings related to COVID-19 include:
1. Some auto insurers filed to remove delivery exclusions from policies in response to policyholders using their vehicles to deliver food, medicine, and other goods.
2. A commercial auto insurance company filed a temporary rate decrease for certain policies, anticipating less driving and reduced loss exposure.
TDI reviewed and approved the first delivery exclusion filing the same day it was received. P&C companies filing changes in response to the COVID-19 are asked to notify TDI at PropertyCasualty@tdi.texas.gov or 512-676-6710 to ensure the filing is quickly flagged and reviewed.
TDI Answers Questions: Health Plan, Testing and more
According to TDI, most health plans are waiving some or all of the cost of medically necessary testing for coronavirus COVID-19 that’s consistent with the U.S. Centers for Disease Control and Prevention guidance. This might include the copayment, coinsurance, and deductible. TDI has created a Q&A site for this and other medical information. Read more here.
TDI modifies escrow requirements
TDI has issued a bulletin with modified escrow requirements to allow for a single signature on checks, extend the deadline for audit reports, allow for electronic signatures and make other temporary changes in light of the COVID-19 outbreak. Read the entire bulletin here.
Texas Department of Insurance Licensing, Continuing Education Updates
In response to the COVID-19 pandemic, TDI has issued a bulletin suspending certain licensing requirements and fees. Read more here.