B-0020-11

Re: 2011 TEXAS TITLE INSURANCE AGENT EXPERIENCE REPORT SUBMISSION FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2010

This bulletin announces the 2011 call for information. The acknowledgement of receipt and listing of branch offices form included with this letter should be returned by fax, e-mail, or regular mail postmarked no later than May 2, 2011. 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 mailing, but can be downloaded from the TDI website address noted at the bottom of this Bulletin.

Title Agent Call for Experience

Pursuant to the authority of §2703.153 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.

You are encouraged to submit your experience using the interactive PDF form. Use of this form significantly reduces errors. Copies of the PDF form, report submission forms and the Texas Title Insurance Agent Experience Report Submission General Instructions Manual can be downloaded from the TDI website noted at the bottom of this Bulletin or it can be mailed to you upon request.

Home Office Issue Policy Reporting
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.

Please note changes for 2011: This year, the interactive PDF form includes an option to allow the form to automatically calculate the allocation of expenses. Please review page 14 of the PDF form for more information concerning allocation of expenses and the automatic calculation of expenses option. Another change for 2011 involves the reporting of partnership or "s-corp" distributions on Form J, these distributions should not be reported on Form J nor any other form on the agents experience report submission.

Agency Type
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 2010. 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 2010.

If submitting using the interactive PDF form, your submission must include:
1. an Email to datacall@TDI.state.tx.us with attached .pdf or .xml data file, and
a scanned copy of a signed and notarized affidavit

If submitting manually, your submission must include:

1. Original completed copies of forms A-L and
2. a signed and notarized affidavit
3. Mail your submission to:

Mail
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

Agents must have their submissions postmarked or submitted electronically by June 9, 2011.

Failure to meet the applicable deadline(s) and/or to provide complete and accurate data may result in disciplinary action by the Department.

If you have questions regarding this call, please contact Betty Flores with the Data Services Division at 512-475-1878.

Gary Gola
Data Services

Enclosure(s)

Go to the TDI Title Bulletins website at http://www.tdi.state.tx.us/bulletins/title.html, click on bulletin B-0020-11 and scroll to the bottom of page to print/save attachments: