TDI Commissioner's Bulletin B-0019-07
2007 TEXAS TITLE INSURANCE AGENTS STATISTICAL REPORT FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2006
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B-0019-07
April 30, 2007
To:
TEXAS TITLE INSURANCE AGENTS
Re:
2007 TEXAS TITLE INSURANCE AGENTS STATISTICAL REPORT FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2006
This bulletin announces the 2007 call for information. The acknowledgement of receipt form included with this letter should be faxed, e-mailed, or postmarked no later than
May 7, 2007
. Please read the directions below on reporting home office issue policies. You will be required to attest to the accuracy of this reporting when you submit your report. Copies of the forms are not included with this bulletin but can be downloaded from the TDI website noted at the bottom of this Bulletin.
Title Agent Call for Experience
Pursuant to the authority of Article 9.07(b) of the Texas Insurance Code (TIC), the Texas Department of Insurance requests that all Texas title insurance agents submit information relating to title insurance experience.
Please submit your title insurance experience according to the instructions in the manual. No alterations of the exhibits will be permitted. Should it become necessary to explain any of the items reported, please do so in a separate written attachment.
The Title Agent Call System (TACS) remains the same as the 2006 call. You are encouraged to submit your experience electronically using the TACS. Use of this program significantly reduces errors. Agents who have used the system in prior years have provided very positive feedback about the quality of the program. As an added incentive, you have an extra 2 weeks to complete the call if you use the program. Copies of the forms, TACS program and manual can be downloaded from the TDI website noted at the bottom of this Bulletin or can be mailed to you upon request.
Home Office Issue Policy Reporting
Only report premiums for policies written in counties in which you are licensed. Any income received for out-of-county transactions are to be shown as fees received for closing on Form D. Do not show any expenses paid or premium splits paid on out-of-county transactions. If you include any expenses on Form F, those should only be for properties in counties for which you are licensed.
Agency Type
If your agency changed ownership during the past year which resulted in a change in agency type, report the agency type that represents the longest time span during 2006. If the time spans were equal, use the agency type from the earlier period.
Agent/Underwriter Premium Split
The agent/underwriter split of 85%:15% was in effect for the entirety of calendar year 2006.
Your submission must include:
A diskette or CD containing a file exported from the TAC program,
a printed hard copy of the entire report from the TAC program
a signed, notarized affidavit (you can download a blank affidavit form from the TDI website noted at the bottom of this page by clicking on ATTACHMENTS.)
OR
Original completed copies of forms A-L and a signed, notarized affidavit (you can download a blank affidavit form from the TDI website noted at the bottom of this page by clicking on ATTACHMENTS.)
Please send your submission to:
Mail
Texas Department of Insurance
Data Services MC 105-5D
ATTN: Betty Flores
P.O. Box 149104
Austin, TX 78714-9104
Courier
Texas Department of Insurance
Data Services MC 105-5D
ATTN: Betty Flores
333 Guadalupe Street
Austin, TX 78701
Hard copy statistical reports must be postmarked by
June 15, 2007
Agents submitting electronic (TACS) statistical reports must have their submissions postmarked by
June 29, 2007
. (please include a printed copy of your report along with the diskette)
Failure to meet the applicable deadline(s) and/or to provide complete and accurate data may result in the imposition of sanctions by the Department.
If you have questions regarding this call, please contact the Data Services Division at 512-475-1878.
Sincerely,
Gary Gola
Data Services
Enclosure(s)
Refer to TDI website for attachments:
Program
Hard Copy Forms
Title Call Manual
Affidavit Only
Acknowledgement Only
For more information, contact:
ChiefClerk@tdi.texas.gov