S.B. No. 1810, introduced by Schwertner, amends Section 2703.153 of the Texas Insurance Code to enhance the process for annual statistical reporting related to title insurance premium rates. The bill mandates that the department issue a call for statistical report data to title insurance agents by March 1 and to title insurance companies by April 1 each year. These reports are due to the department on May 1 and June 1, respectively. Additionally, the department is required to publish a compilation report on its website, summarizing the submitted statistical reports from agents by October 1 and from companies by November 1.

Furthermore, the compilation report must include critical information such as loss experience, operational expenses, premiums, and other relevant data. The changes introduced by this bill will only apply to statistical reports filed on or after January 1, 2026, and the act is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Insurance Code 2703.153 (Insurance Code 2703)
Senate Committee Report: Insurance Code 2703.153 (Insurance Code 2703)
Engrossed: Insurance Code 2703.153 (Insurance Code 2703)
House Committee Report: Insurance Code 2703.153 (Insurance Code 2703)