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

Source: TDI

Was this text helpful?

Here are extra articles you might get pleasure from.

The most vital insurance coverage information,in your inbox each enterprise day.

Get the insurance coverage business’s trusted e-newsletter

Source link


Please enter your comment!
Please enter your name here

Most Popular

Google Says 3% Of Paid Apps Non-compliant On Play Store Tax

OAKLAND, Calif.: Alphabet Inc’s Google on Monday sought to rebut criticism that it enforces its 30% tax on gross sales of paid...

Anti-Drugs Agency Denies Film Executive’s Claim Of “Physical Ill Treatment”

Kshitij Prasad was arrested by the Narcotics Bureau on Saturday (File)Mumbai: The Narcotics Control Bureau has firmly denied media studies that Kshitij Prasad,...

After Trump nominates Amy Coney Barrett, questions Senate must ask

To the shock of just about nobody, President Donald Trump nominated Judge Amy Coney Barrett on Saturday to fill the Supreme Court emptiness...

$20M Settlement Reached In Police Killing Of Handcuffed Man

COLLEGE PARK, Md.: A Maryland county has agreed to a $20 million settlement with the household of a person who was handcuffed...

Recent Comments