Texas Department of Insurancewww.tdi.state.tx.us - Consumer Helpline 1-800-252-3439
COMMISSIONER'S BULLETIN #B-0020-07May 8, 2007
TO: ALL TITLE INSURANCE COMPANIES WRITING TITLE INSURANCE IN THE STATE OF TEXAS RE: 2007 TEXAS TITLE INSURANCE COMPANY CALL FOR EXPERIENCE FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2006 Pursuant to the authority of ยง2703.153 of the Texas Insurance Code, the Department requires all insurance companies writing title insurance in Texas to submit information relating to title insurance experience. This bulletin announces the 2007 company call for experience. The acknowledgment of receipt form included with this letter should be e-mailed no later than May 22, 2007.
Like last year, you are receiving your data call via e-mail. Last year’s Microsoft Excel spreadsheets have been updated for the current call year. No other changes have been made. You may return the call via e-mail or on a diskette marked with your company’s name. You are also required to submit a hard copy of the entire report with a signed affidavit. Also, please take advantage of the Excel checklist included to validate your report submission. This will enable you to identify and correct potential problems prior to submitting the report.
Instructions for completing Forms 1, 2, 3, 5, 6, 9, 10, 11 and 12 are included. Forms 4, 7, and 8 are self-explanatory. Please refer to your copy of the Texas Title Insurance Statistical Plan for instructions on completing Schedules S-1 through S-6. All transaction codes should be reported electronically for Schedule S-3. Tables listing the standard transaction codes for Texas operations including codes pending adoption on rate rules that are in effect are included in Appendix I. The experience reported on these Schedules is to be prepared on a “direct basis”. That is, in reporting premiums and losses, data on reinsurance assumed is to be excluded and no deduction is to be made for reinsurance ceded. In addition, Income Statement and Balance Sheet Summaries are included. These summaries are to be completed by following the instructions of the American Land Title Association Uniform Financial Reporting Plan. An instruction sheet is also included. ALTA risk codes for completing Form 10 are listed in Appendix II.
Please submit your title insurance experience according to the instructions provided. No alterations of the exhibits will be permitted. Should it become necessary to explain any of the items reported, please do so at the bottom of the checklist. Enter the name of the company reporting in the space provided on Form 1 and it will be transferred to each form.
The original, completed report forms and/or diskette must be submitted to Betty Flores at betty.flores@tdi.state.tx.us
OR:
The Texas Department of Insurance Data Services MC 105-5D ATTN.: Betty Flores P.O. Box 149104 Austin, TX 78714-9104
Courier The Texas Department of Insurance Data Services MC 105-5D ATTN.: Betty Flores 333 Guadalupe Street Austin, TX 78701 Statistical reports must be received by July 13, 2007. Failure to meet this deadline and/or to provide accurate data may result in the imposition of sanctions by the Department.
Questions concerning this call should be directed to Betty Flores at (512) 322-5029 or by e-mail at betty.flores@tdi.state.tx.us.
Sincerely, Gary Gola Data Services Mail Code 105-5D
Enclosures Texas Title Insurance Statistical Plan
For more information contact: ChiefClerk@tdi.state.tx.us |
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