TDI Adopts New Rates for Examinations, Maintenance Taxes and Fees

The Texas Department of Insurance has adopted amendments to 28 Texas Administrative Code, Sections 7.1001 and 1.414, on assessments levied on insurers. Section 7.1001 is on assessments to cover the expenses of examining domestic and foreign carriers, and self-insurance groups, that provide workers’ compensation. The 2017 assessment will be .00086 of 1% of the company’s admitted assets as of Dec. 31. It was .00133 of 1% for 2016. The expected fiscal impact on state government for each year of the first five years is estimated income of $12,333,235 to the TDI Examination Self...