Commissioner’s Bulletin # B-0019-05
April 28, 2005
TO: ALL TITLE INSURANCE COMPANIES WRITING TITLE INSURANCE IN THE STATE OF TEXAS
RE: 2005 TEXAS TITLE INSURANCE COMPANY CALL FOR EXPERIENCE FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2004
Pursuant to the authority of Article 9.07(b) of the Texas Insurance Code, the Department requires all insurance companies writing title insurance in Texas to submit information relating to title insurance experience. This bulletin announces the 2004 company call for experience. The reporting requirements are the same as those for the 2003 call. Included in this year's call is Form 12 which will be required for all directly issued policies written on or after 4/1/04. The acknowledgment of receipt form included with this letter should be e-mailed no later than May 13, 2005.
Like last year, you are receiving your data call via e-mail. The Microsoft Excel spreadsheet that you have used in the past has been updated for the current call year but other than the addition of Form 12, no changes have been made. You may return the call via e-mail or on a diskette marked with your company's name. You are also required to submit a hard copy of the entire report with a signed affidavit. Also, please take advantage of the checklist included to validate your report submission. This will enable you to identify and correct problems prior to submitting the report.
Instructions for completing Forms 1, 2, 3, 5, 6, 9, 10 and 11 are included. Forms 4, 7, and 8 are self-explanatory. Please refer to your copy of the Texas Title Insurance Statistical Plan for instructions on completing Schedules S-1 through S-6. Tables listing the standard transaction codes for Texas operations including codes pending adoption on rate rules that are in effect are included in Appendix I. The experience reported on these Schedules is to be prepared on a "direct basis". That is, in reporting premiums and losses, data on reinsurance assumed is to be excluded and no deduction is to be made for reinsurance ceded. In addition, Income Statement and Balance Sheet Summaries are included. These summaries are to be completed by following the instructions of the American Land Title Association Uniform Financial Reporting Plan. An instruction sheet is also included. ALTA risk codes for completing Form 10 are listed in Appendix II.
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 attachment. Enter the name of the company reporting in the space provided on Form 1 and it will be transferred to each form.
The original, completed report forms and/or diskette must be submitted to: clare.pramuk@tdi.state.tx.us or:
Mail
The Texas Department of Insurance
Data Services MC 105-5D
ATTN.: Clare Pramuk
P.O. Box 149104
Austin, TX 78714-9104
Courier
The Texas Department of Insurance
Data Services MC 105-5D
ATTN.: Clare Pramuk
333 Guadalupe Street
Austin, TX 78701
Statistical reports must be received by July 15, 2005. Failure to meet this deadline and/or to provide accurate data may result in the imposition of sanctions by the Department.
Questions concerning this call should be directed to Clare Pramuk at 512-475-3015, e-mail address: clare.pramuk@tdi.state.tx.us.
Sincerely,
Clare Pramuk
Data Services Director
Mail Code 105-5D
Enclosures
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