By: Schwertner S.B. No. 1810

(In the Senate - Filed March 3, 2025; March 13, 2025, read first time and referred to Committee on Business & Commerce; April 2, 2025, reported adversely, with favorable Committee Substitute by the following vote: Yeas 11, Nays 0; April 2, 2025, sent to printer.) Click here to see the committee vote

COMMITTEE SUBSTITUTE FOR S.B. No. 1810 By: Schwertner

A BILL TO BE ENTITLED

AN ACT

relating to annual statistical reports for fixing title insurance premium rates.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Section 2703.153, Insurance Code, is amended by adding Subsections (a-1) and (c-1) to read as follows:

(a-1) The department shall issue a call for the statistical report data required under Subsection (a):

(1) to each title insurance agent, not later than March 1 of each year for a statistical report due to the department on May 1; and

(2) to each title insurance company, not later than April 1 of each year for a statistical report due to the department on June 1.

(c-1) The department shall publish on the department's Internet website a compilation report summarizing the statistical reports submitted under Subsection (a):

(1) from all title insurance agents, not later than October 1 of each year; and

(2) from all title insurance companies, not later than November 1 of each year.

SECTION 2. The changes in law made by this Act apply only to a statistical report filed on or after January 1, 2026.

SECTION 3. This Act takes effect September 1, 2025.

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