The Texas Department of Insurance issues the attached mandatory call pursuant to §2703.153 of the Texas Insurance Code. All insurance companies writing title insurance in Texas must submit information relating to title insurance experience. This bulletin announces the 2012 Texas Title Insurance Company Call for Experience. This call does not include experience for Personal Property Title Insurance. TDI must receive the acknowledgment of receipt form via email no later than August 14, 2012.
TDI has emailed you the data call documents, including updated spreadsheets. You may return the call via email or on a CD marked with your company's name. Additionally, you must submit a hard copy of the entire report with a signed affidavit. Please use the included Excel checklist to validate your report submission. This will enable you to identify and correct potential problems before submitting the report.
Instructions for completing Forms 1, 2, 3, 5, 6, 9, 10, 11, and 12 are attached. Forms 4, 7, and 8 are self-explanatory. Refer to your copy of the Texas Title Insurance Statistical Plan for instructions on completing Schedules S-1 through S-6. Report all transaction codes for Schedule S-3 electronically. Appendix I contains tables listing the standard transaction codes for Texas operations, including codes that are in effect due to passed legislation.
Prepare the experience reported on these Schedules on a "direct basis." Direct basis reporting entails excluding data on reinsurance assumed when reporting premiums and losses, and not making deductions for reinsurance ceded. Complete the attached Income Statement and Balance Sheet Summaries by following the instructions of the American Land Title Association Uniform Financial Reporting Plan. To request a copy of these instructions, please send an email to datacall@tdi.state.tx.us. ALTA risk codes for completing Form 10 appear in Appendix II.
You must submit your title insurance experience according to the instructions provided. You may not alter the exhibit forms. If you need to explain any of the items reported, please do so at the bottom of the checklist. Enter the name of the company reporting in the space provided at the top of Form 1, and Excel will populate the company name fields on the other forms. Submit the completed report forms, along with a notarized affidavit, to Betty Flores by email at betty.flores@tdi.state.tx.us. Alternatively, you may submit original, signed copies along with electronic copies on a CD, and a notarized affidavit by mail or courier at the following addresses:
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, Tower 1, Room 103
Austin, TX 78701
TDI must receive your report submission by September 24, 2012. TDI will take appropriate action, which may include sanctions, for failure to meet this deadline and/or to provide accurate data. Direct questions concerning this call to Betty Flores by phone at 512-322-5029 or by email at betty.flores@tdi.state.tx.us.
Gary Gola
Regulatory Policy Division, Property and Casualty Section - Data Services
Company Acknowledgment
Instructions
Forms
Appendix I-Texas Title Insurance Statistical Plan
Appendix II-ALTA Risk Codes