TDI seeks input on draft rule on material change notices

The Texas Department of Insurance is seeking comments on an informal draft rule related to notice requirements for certain policy changes. The draft rule would implement Senate Bill 417 from the 2017 Texas Legislature. It requires insurance companies to notify policyholders and agents if certain reductions or changes to property and casualty policies are made when the policy is renewed. See the TDI website for a copy of the draft rule and information on how to submit comments.

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