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