July 10, 2024

In This Issue:

  • TDI Announces Hearing on Title Insurance Basic Premium Rate Sept. 19
  • TDI Publishes Agent Experience Report 2022, Underwriter Report 2018-22
  • U.S. Treasury Proposes Rule to Expand Review of Real Estate Transactions Near Military Installations

TDI Announces Hearing on Title Insurance Basic Premium Rate Sept. 19

TLTA | July 9, 2024
The Texas Department of Insurance (TDI) will hold a hearing to consider a change to the title insurance basic premium rates. The hearing will begin at 2 p.m. on September 19, 2024. You can review TDI's hearing notice.
 
The Sept. 19 hearing is an expected part of a rate review process already underway. TLTA will continue preparing alongside our team of actuaries, economists, legal counsel, and volunteer leaders, and we will participate in the hearing on our industry's behalf. We will share more info with you as it is available.

If you have questions, please send them to Aaron Day or call Aaron at 512.810.8800, thank you. 
 

TDI Publishes Agent Experience Report 2022, Underwriter Report 2018-22

TLTA | July 9, 2024
The Texas Department of Insurance published their Title Insurance Agent Experience Report Compilation for 2022. Additionally, the Title Underwriters Experience Report for 2018-2022 was published. 
  
Texas Insurance Code §2703.153 requires each title insurance company and title insurance agent engaged in the business of title insurance in Texas to annually submit business data to TDI. TDI uses this data to set title insurance premium rates.
 
The new agent experience report was completed with data generated during calendar year 2022. The new underwriter experience report was completed with data generated during calendar years 2018-22.  
  
Review Title Insurance Agent Experience Report Compilation for 2022 »
This Report Is Also Available as an Excel File »
 
Review Title Underwriters Experience Report for 2018-2022 »
This Report Is Also Available as an Excel File »
 
Looking for older experience reports? You can find them here.
 

U.S. Treasury Proposes Rule to Expand Review of Real Estate Transactions Near Military Installations

ALTA | July 9, 2024
The U.S. Department of the Treasury issued a Notice of Proposed Rulemaking (NPRM) that would expand its jurisdiction over certain transactions by foreign persons involving real estate in the United States.

As chair of the Committee on Foreign Investment in the United States (CFIUS), the Treasury has the authority to review certain real estate transactions near specified military installations and to act in appropriate circumstances.

This proposed rule would add over 50 military installations, across 30 states, to the existing list of installations around which CFIUS has jurisdiction, including over land purchases. This latest update would vastly expand the reach of CFIUS’s real estate jurisdiction.
 
Read More from ALTA »