Texas HB5173 amends the Insurance Code to require annual statistical reports for title insurance premium rates.

Texas HB5173 amends the Insurance Code by adding new subsections to Section 2703.153. It mandates that the Texas Department of Insurance issue calls to title agents and title companies for statistical report data by May 15 and July 16 each year, respectively. The department must then publish a compilation report summarizing these reports on its website by September 1. Additionally, any new rates ordered by the department after June 2, 2025, must comply with the changes made by this Act.

Texas HB5173 amends the Insurance Code to require annual statistical reports for title insurance premium rates.

Texas HB5173 amends the Insurance Code by adding new subsections to Section 2703.153. It mandates that the Texas Department of Insurance issue calls to title agents and title companies for statistical report data by May 15 and July 16 each year, respectively. The department must then publish a compilation report summarizing these reports on its website by September 1. Additionally, any new rates ordered by the department after June 2, 2025, must comply with the changes made by this Act.