New Texas filing fee will cover modernization to speed reviews

Having trouble viewing this email? View it as a Web page. New filing fee to cover modernization to speed reviews Beginning September 1, there will be an additional $20.50 fee on Texas form filings. The fee will support an innovative technology project that uses artificial intelligence and increased automation to improve and speed review of forms. One fee covers all forms on a filing. “Insurers file tens of thousands of policies for our review every year, and the legacy system is outdated. We needed to modernize,” said Texas Insurance Commissioner Kent Sullivan. “Cutting edge technology will allow us to complete reviews faster and help our staff focus on the issues that most need their attention and analysis.” The initial phase of the project allows a comparison of each newly filed property and casualty form with every policy and endorsement approved by TDI since April 2014. It also checks that key information on a form is complete and consistent with other information in the filing. Read more

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