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You are here: Home . bulletins . 2001 . b-0026-1

COMMISSIONER'S BULLETIN # B-0026-01

June 08, 2001


To: ALL TITLE INSURANCE COMPANIES WRITING TITLE INSURANCE IN THE STATE OF TEXAS


Re: 2001 TEXAS TITLE INSURANCE COMPANY CALL FOR EXPERIENCE FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2000

Pursuant to the authority of Article 9.07(b) of the Texas Insurance Code, the Department requires all insurance companies writing title insurance in Texas to submit information relating to title insurance experience. This bulletin announces the 2001 company call for experience. The reporting requirements are the same as those for the 2000 call. The acknowledgment of receipt form included with this letter should be faxed or postmarked no later than June 25, 2001.

As before, the Department is enclosing a diskette containing an Excel 5.0 spreadsheet of each report. The call, Excel spreadsheet, and instructions are also available on our Web page to down load at www.tdi.state.tx.us/company/index.html#datacalls_ind. I encourage you to use the electronic version. If you do, please submit your data both electronically and in printed copy. Also, please take advantage of the checklist included to validate your report submission. This will enable you to identify and correct problems prior to submitting the report.

Instructions for completing Forms 1, 2, 3, 5, 6, 9, 10 and 11 are included. Forms 4, 7, and 8 are self-explanatory. Please refer to your copy of the Texas Title Insurance Statistical Plan for instructions on completing Schedules S-1 through S-6. Tables listing the standard transaction codes for Texas operations including codes pending adoption on rate rules that are in effect are included in Appendix I. The experience reported on these Schedules is to be prepared on a "direct basis". That is, in reporting premiums and losses, data on reinsurance assumed is to be excluded and no deduction is to be made for reinsurance ceded. In addition, Income Statement and Balance Sheet Summaries are included. These summaries are to be completed by following the instructions of the American Land Title Association Uniform Financial Reporting Plan. An instruction sheet is also included.

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 attachment. Enter the name of the company reporting in the space provided on each form.

The original, completed report forms and/or diskette must be submitted to:

Mail
The Texas Department of Insurance
Data Services MC 105-5D
ATTN.: Julie Jones
P.O. Box 149104
Austin, TX 78714-9104

Courier
The Texas Department of Insurance
Data Services MC 105-5D
ATTN.: Julie Jones
333 Guadalupe Street
Austin, TX 78701

Statistical reports must be postmarked by July 30, 2001. Failure to meet this deadline and/or to provide accurate data may result in the imposition of sanctions by the Department.

Questions concerning this call should be directed to Julie Jones at (512) 475-3027, e-mail address: julie.jones@tdi.state.tx.us.

Sincerely,

Clare Pramuk
Data Services Director
Mail Code 105-5D

Enclosures
Forms in Word
Forms in MS Excel




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