Bill > HB3502

This bill amends the Texas Insurance Code to enhance reporting requirements for title insurance companies and agents. Specifically, the bill mandates that the state insurance department must issue an annual call for statistical report data to all title insurance companies and agents by May 15th of each year. Additionally, by September 1st of each year, the department is required to publish a compilation report summarizing these statistical reports on its website. The purpose of these statistical reports is likely to help regulators understand and potentially adjust title insurance premium rates. The changes will only apply to statistical reports filed on or after January 1, 2026, and the bill itself will take effect on September 1, 2025. This legislation appears designed to increase transparency and provide more timely, accessible information about the title insurance industry's financial performance and pricing trends.

Business and Industry

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB3502