March 17, 2016 UPDATE: The Texas Department of Insurance has issued an order adopting the provisions of the law described below.
A new law
in Texas reduces the number of insurance data calls in that state and eliminates some data calls no longer deemed necessary by the Texas Department of Insurance.
The law calls for annual data reports in place of quarterly reports as of Jan. 1, 2016, and repeals the requirement for closed liability claim reports for claims closed after Jan. 1, 2016.
As of Sept. 1, 2015, the law repeals requirements for reports related to community investment and claim settlement practices.
AAIS Advisory notices are posted periodically to announce AAIS product developments, and to provide news items that are relevant to our program users. Advisory notices are news summaries that paraphrase documents which should be consulted directly for complete, authoritative information.