By: Schwertner S.B. No. 1810
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), (c-1), and (c-2) 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.
(c-2) The compilation report required by Subsection (c-1)
shall include the loss experience, expenses of operation, premiums,
and other material matters submitted under Subsection (a).
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.