Monday, September 28, 2020
Home Insurance Texas Reminds Insurers, Agents of Data Accuracy Responsibilities

Texas Reminds Insurers, Agents of Data Accuracy Responsibilities



The Texas Department of Insurance has issued a bulletin reminding all regulated entities, their brokers, and their representatives that they’re answerable for the accuracy of the info utilized in ranking, underwriting, and claims dealing with – even when the info is supplied by a 3rd celebration.

TDI mentioned it might pursue enforcement motion towards an insurer if its use of inaccurate information harms policyholders. Insurers are inspired to supply policyholders with a solution to assessment and proper information being utilized by the insurer.

Questions relating to bulletin #B-0036-20 could also be addressed to the Property and Casualty Actuarial Office at PCActuarial@tdi.texas.gov.

Source: TDI

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