TDI Proposes Minimum Reserve Standard Amendments
TDI has proposed amendments to 28 TAC §3.7001, concerning the minimum reserve standards for individual and group accident and health insurance. These amendments are needed to comply with Insurance Code §425.072(a), which requires using the valuation manual for setting reserves on accident and health insurance policies issued on or after the operative date; and to provide for the same claim reserve requirements on all new claims under accident and health insurance policies, regardless of the policy's issue date. More information is available here. TALHI staff are in the process of reviewing these amendments.

TDI Adopts Reinsurance Amendments
TDI has adopted amendments to 28 Texas Administrative Code §§7.601-7.612 and 7.614, and new §§7.621-7.627 concerning credit for reinsurance under Insurance Code Chapter 493. The amendments and new sections are necessary to implement Insurance Code Chapter 493, including changes made by Senate Bill 1070, from the 2017 85th Legislature. More information is available here.

TDI Deputy Named Workers’ Comp Commissioner
TDI’s Deputy Commissioner for Regulatory Policy Cassie Brown has been appointed Workers’ Comp Commissioner by Governor Greg Abbott. No word yet on Cassie’s replacement, or whether Insurance Commissioner Sullivan will be making any changes to the structure of the Property & Casualty or Life & Health Divisions that Ms. Brown oversaw at TDI.

TALHI COI Task Force Call
TALHI’s Cost of Insurance Task Force will meet on Monday, June 18, at 2 pm Central. To call in, dial 1-888-537-7715 and enter code 282-53-763# when prompted.

Next Member Call
The next member call will take place Wednesday, June 27, at 10 am Central. To call in, dial 1-888-537-7715 and enter code 200-68-174# when prompted. The agenda will be posted on both the website and mobile app prior to the call. An Outlook Calendar reminder is attached.