Proposed Rule Would Streamline Annual Policy Count Process

Workers' compensation insurers would be required to submit a count of the number of policies they have at the end of each year, under a rule proposed by the Texas Department of Insurance. The department said in a notice posted online last week that it needs the information to establish consumer complaint ratios, as required by Insurance Code Section 521.052. The statute requires that the ratios represented the number of "justified, verified as accurate and documented as valid" complaints received against insurance carriers "expressed as a percentage of total number of insur...