HB 3502
AN ACT relating to annual statistical reports for fixing title insurance
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to House committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
Requires title insurance companies and agents to submit annual statistical reports to the Texas Department of Insurance by May 15 each year. By September 1, the department must publish a compiled summary of these reports on its website, providing transparency about title insurance industry data. These new reporting requirements will take effect on January 1, 2026, giving companies time to prepare for the new reporting process.
Bill Text
relating to annual statistical reports for fixing title insurance 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) and (c-1) to read as follows: (a-1) Not later than May 15 of each year, the department shall issue a call to each title insurance company and title insurance agent engaged in the business of title insurance for the statistical report data required under Subsection (a). (c-1) Not later than September 1 of each year, the department shall publish on the department's Internet website a compilation report summarizing the statistical reports submitted 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.
Bill History
Bill filed: AN ACT relating to annual statistical reports for fixing title insurance
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