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.
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.
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:
OR
Please send your submission to:
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:
For more information, contact:
Remember: TDI's Internet resources are to be used for legitimate state purposes. Occasional personal use is permitted so long as such use is incidental, is brief, does not result in additional cost to TDI or the state and does not interfere with the performance of the employee's job duties. Under no circumstances may an employee use TDI's Internet resources to access sexual, offensive, profane or otherwise inappropriate information. By using TDI computers to access Internet resources, TDI employees are consenting to the monitoring of their use of Internet resources. TDI employees do not have a privacy interest or an expectation of privacy in the use of TDI computers to access Internet resources. Refer to the TDI Operations Manual for additional information.