B-0031-17

To: ALL INSURANCE COMPANIES, CORPORATIONS, EXCHANGES, COUNTY MUTUALS, MUTUALS, RECIPROCALS, ASSOCIATIONS, LLOYDS, OR OTHER INSURERS WRITING PROPERTY AND CASUALTY INSURANCE IN THE STATE OF TEXAS; AGENTS AND REPRESENTATIVES; AND THE PUBLIC GENERALLY

Re: Hurricane Harvey – Withdrawal of Business for Personal Auto and Residential Property Insurance

Governor Greg Abbott issued a proclamation declaring a disaster due to the effects of Hurricane Harvey. The proclamation directs that all necessary measures, both public and private, as authorized under §418.017 of the Texas Government Code, be implemented to meet that threat.

President Donald Trump issued a major disaster declaration and ordered federal aid to supplement state and local recovery efforts in the area affected by Hurricane Harvey.

TDI reminds insurers that the Insurance Code requires that when contemplating reducing business below the thresholds set out in Insurance Code §827.003, they must file a withdrawal plan with TDI for prior approval. The withdrawal plan must contain the provisions listed in Insurance Code §827.004, and TDI's approval process is described in Insurance Code §827.005. See also 28 TAC Chapter 7, Subchapter R. Insurers file withdrawal plans with the Company Licensing and Registration Office by email at CLRFilings@tdi.texas.gov.

Insurers that do not comply with statutory requirements are subject to enforcement action.

Questions regarding this bulletin should be directed to the Company Licensing and Registration Office by calling 512-676-6375, or by email at CompanyLicense@tdi.texas.gov.