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The committee will meet to hear invited testimony on the following interim |
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Charge 1: Study title insurance and whether changes to the current |
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ratemaking process would be beneficial to consumers. |
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Charge 2: Examine the Texas Department of Insurance's (TDI) recently |
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adopted Procedural Rule P-5.1, allowing a title insurance company to issue |
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a policy containing a general exception from coverage for minerals. |
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Determine whether Procedural Rule P-50.1, governing the use of the |
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Minerals and Surface Damage Endorsements Forms (T-19.2 and T-19.3), should |
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result in a different rate schedule for policies. Study the |
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appropriateness, feasibility, and sustainability of title insurance |
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companies writing the type of policy now required by P-50.1. |
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Charge 3: Study whether a new system or process should be employed to |
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expedite appeals by insurers against TDI in homeowner's rate cases. |
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Charge 4: Update on the implementation of the Healthy Texas insurance |
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program established by SB 78 (81R). |
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Charge 5: Monitor the agencies and programs under the committee's |
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jurisdiction. Invited testimony will be taken regarding TDI's oversight |
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of the Texas Windstorm Insurance Association (TWIA). |
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