John Smithee, Chair
Trey Martinez Fischer, Vice Chair
|• Study title insurance rates and whether changes to the current ratemaking process would be beneficial to consumers.|
|• Examine the Texas Department of Insurance's (TDI) recently adopted Procedural Rule P-5.1, allowing a title insurance company to issue a policy containing a general exception from coverage for minerals. Determine whether Procedural Rule P-50.1, governing the use of the Minerals and Surface Damage Endorsements Forms (T-19.2 and T-19.3), should result in a different rate schedule for policies. Study the appropriateness, feasibility, and sustainability of title insurance companies writing the type of policy now required by P-50.1.|
|• Study whether a new system or process should be employed to expedite appeals by insurers against TDI in homeowner's rate cases.|
|• Monitor implementation of the Healthy Texas insurance program established by SB 78, 81st Legislature, Regular Session.|
|• Monitor the agencies and programs under the committee's jurisdiction.|
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