The bill amends Section 2703.153 of the Insurance Code to enhance the process for collecting and publishing annual statistical reports related to title insurance premium rates. It introduces two new subsections: Subsection (a-1) mandates that the department must issue a call to title insurance companies and agents by May 15 each year to collect the necessary statistical report data. Subsection (c-1) requires the department to publish a compilation report summarizing the submitted statistical reports on its website by September 1 each year.

These changes will only apply to statistical reports filed on or after January 1, 2026, and the bill is set to take effect on September 1, 2025. The amendments aim to improve transparency and accessibility of title insurance data, thereby aiding in the determination of premium rates.

Statutes affected:
Introduced: Insurance Code 2703.153 (Insurance Code 2703)