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 new requirements for the Texas Department of Insurance, mandating that by May 15 each year, the department must issue a call to title insurance companies and agents for the necessary statistical report data. Additionally, by September 1 each year, the department is required to publish a compilation report on its website summarizing the submitted statistical reports.

These changes will take effect on September 1, 2025, and will apply only to statistical reports filed on or after January 1, 2026. The bill aims 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)