The Texas Department of Insurance (TDI) issued three bulletins with guidance for the insurance industry following winter storm damage across the state.
Bulletin B-0005-21: TDI expects insurers to suspend vacancy provisions for policyholders displaced by the storm and work with those who need more time to pay premiums.
Bulletin B-0006-21: TDI reminds insurers, adjusters, and contractors about provisions in state law on the use of emergency adjusters, conflicts of interest, and other consumer protections.
Bulletin B-0007-21: TDI reminds insurers about restrictions on the use of losses from natural causes in setting premiums and determining whether to renew a policy. TDI also reminds insurers about requirements for restriction and withdrawal plans.
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