TEXAS DEPARTMENT OF INSURANCE
Texas Department of Insurance Postpones Adoption of 2018 IBC Due to COVID-19
The Texas Department of Insurance’s (TDI) adoption of the 2018 International Building Code (IBC) and International Residential Code (IRC) for coastal counties under the jurisdiction of the Texas Windstorm Insurance Association has been postponed from April 1 to September 1 due to disruptions caused by the COVID-19 pandemic. Read more here.
TDI Says License Renewal Extension Ends May 31; Issues Cat Area Data Call
The Texas Department of Insurance has issued a reminder to agents and adjusters that the extension to renew resident licenses and complete continuing education due to the COVID-19 crisis ends May 31. Read more here.
TDI Extends Modified Sworn Statement Requirements
TDI has extended their modified requirements for sworn statements due to the COVID-19 outbreak. They will allow filings to be submitted without sworn statements, affidavits, and notarizations through May 31, 2020. For their complete modified filing chart go. Read more here.
TDI Modernization Efforts Paying Off During Pandemic, Commissioner Says
The employees of the state agency in charge of regulating the insurance industry in Texas might not put it this way, but in a sense, operationally at least, they have been preparing for the current health crisis brought on by the new coronavirus for a couple of years. Read more here.
TDI issues bulletin on commercial premium adjustments. TDI issued a bulletin to encourage insurers to work with commercial policyholders that have premiums based on payroll, sales, or a similar auditable exposure. TDI requests that insurers conduct midterm audits and accept self-reports of changes to adjust premiums as appropriate. Read the bulletin here.
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.