1998 Texas Title Insurance Agents Statistical Report due June 10, 1998 for the calendar year ended December 31, 1997

Home Bulletins 1998 B-0033-98 May 29, 1998 To: Re:   1998 Texas Title Insurance Agents Statistical Report due June 10, 1998 for the calendar year ended December 31, 1997 This bulletin announces the 1998 call for information and summarizes the changes in this year's reporting requirements. The acknowledgement of receipt form included with this letter should be returned to and received by the Texas Department of Insurance (TDI) no later than June 10, 1998 . Title Agent Call for Experience Pursuant to the authority of Article 9.07(b) of the Texas Insurance Code, the Department requests that all Texas Title Insurance Agents submit information relating to Title Insurance experience. 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 in a separate written attachment. The Department is providing a personal computer program (Click here to download program "tadisk1.zip" (5,197 KB)) and (Click here to download instruction manual "tamanual.zip" (306 KB)) in which to enter your statistical information, test it for accuracy and print the forms required for submission. Use of this program is recommended but not required for this year. Use of the program will be mandatory for future years. The following reports (Click here to download forms "taforms.zip" (43 KB)) and (Click here to download instruction manual "tamanual.zip" (306 KB)) must reflect your Texas experience for the calendar year ended December 31, 1997. Form A Income and Expenses Form B Distribution of Title Premiums Form C Fees Received for Title Examination and Furnishing Title Evidence Form D Fees Received for Closing Services Form E Other Income Form F Fees Paid for Title Examination and Furnishing Title Evidence Form G Fees Paid for Closing Services Form H Recapitulation of Directors Fees Form I Losses and Loss Adjustment Expenses Form J Other Expenses Form K Identification of Owners Form L Title Insurance Premium by County (new for 1998) Affidavit Your submission must include either: Original completed copies of forms A-L and the signed affidavit; or A diskette containing a file exported from the data entry program, a printed copy from the TACS and a signed affidavit. Please send your submission to: Mail The Texas Department of Insurance Data Services MC 105-5D ATTN.: Michael Davis P.O. Box 149096 Austin, TX 78714-9096 Courier The Texas Department of Insurance Data Services MC 105-5D ATTN.: Michael Davis 333 Guadalupe Street Austin, TX 78701 Statistical reports must be postmarked by July 13, 1998 . Failure to meet this deadline and/or to provide accurate data may result in the imposition of sanctions by the Department. Summary of Changes Agents can enter and submit data electronically The definition of an affiliated agency has changed. The new definition is: "A title agency is an affiliated agency if 10% or more of its ownership is held by a title underwriter or if it is a member of a holding company structure that includes an underwriter." See Texas Insurance Code, Article 21.49-1, Section 2. Advertising expense item (Form A, line B-8) now includes promotions, entertainment and meal expenses Employee travel expense item (Form A, line B-9) now includes lodging and education expenses Form L has been added to detail title premiums by county Agent/Underwriter split is 82.25%:17.75% Reporting instructions are now included as part of the manual for the data entry program If you have questions regarding this call, please contact Michael Davis at 512-322-5029 or Betty Flores at 512-475-1877. Sincerely, Clare Pramuk Director, Data Services For more information, contact: ChiefClerk@tdi.texas.gov