Bulletin: Carriers Issuing Policies to Agencies Must Notify SORM

The Texas Department of Insurance issued a bulletin reminding all insurance carriers to notify the State Office of Risk Management about the sale of insurance policies to state agencies.Commissioner Julia Rathgeber issued a bulletin stating that all carriers intending to sell property, casualty or liability insurance to a state agency must report it to SORM no later than the 30th day before the scheduled sale, pursuant to state law. Surplus lines carriers are exempted from this requirement, she wrote.Carriers seeking to comply with this provision should use Form SORM 202, which was specificall...