TX INS Title Insurance Premiums


On May 14, TX INS proposed rule revisions to title insurance clauses.


  • TX INS proposed rules to revise title insurance manual/forms and State statistical plan.
  • Amend TX INS 28-1-9-A-9.1 (rates, forms) and TX INS 28-1-9-C-9.401 (stat plan).
  • Provided rule summary and proposal exhibits for title insurance statistical plan.
  • Proposal based on Sep. 2023 Texas Land Title Association (TLTA) request for revisions to the manual, Dec. 2023 TX INS order approving a formal rulemaking, see #185570.
  • Key Draft Provisions
  • Adopt by reference the version of the basic manual effective on Friday, Nov. 1, 2024.
  • In addition, adopt by reference the version of the statistical plan in force Jan. 1, 2025.
  • Amend various rate rules that impact premiums for title insurance endorsements across multiple products including personal liability, access, mortgage and down date.
  • Aforementioned rate rule changes also impact related forms that discuss premiums.
  • Amend Procedural Rule P-57 allowing more legal entities used in estate planning to be additional insured on Form T-26; gives 90 days after title conveyed to add the entities.
  • Redline of proposed amendments is provided on page 14 of the rule proposal.
  • Consultation
  • Public hearing request to be made separately, written comments by Mon., Jul. 1, 2024.
  • Oct. 2024 TX INS Rule Adopted
  • On Oct. 11, 2024, TX INS reported proposal on title insurance amendments adopted.
  • Subchapter A becomes effective on Nov. 1, 2024; subchapter C effective Jan. 1, 2025.

Regulators TX INS
Entity Types Bank; Ins; MG Orig; Servicer
Reference TX SR Vol. 49 No. 41 p. 8394, 10/11/2024; RF, 5/14/2024; TX INS Order 2023-8429, 12/21/2023; Form T-26, T-3, T-38, T-23, T-1R, T-16, T19, T-19.1, T-19.2, T-19.3, T-1, T-2, T-7.1, T-47, T-35, PC-150, T-11, PC-417, FINT 08, FINT 09, FINT 10, FINT 129, FINT 143, T-50, T-55, T-55.1, T-55.2, T-55.3, T-55.4, T-55.5, T-42; Citation: *TX INS* 28-1-9-A-9.1, 28-1-9-C-9.401;
Functions Compliance; Reporting
Countries United States of America
Category
State
Products Banking; Insurance; Insurance-Property; Loan; Mortgage; Title Insurance
Regions Am
Rule Type Final
Rule Date 5/14/2024
Effective Date 11/1/2024
Rule Id 212074
Linked to Rule :185570
Reg. Last Update 10/11/2024
Report Section US Insurance

Last substantive update on 10/15/2024