Texas Department of Insurance: Guidance on claims handling and grace periods

03/23/2020

 

TDI issued a bulletin to help consumers and the insurance industry during the COVID-19 outbreak.

TDI expects all insurers to work with policyholders who may experience financial hardships due to the COVID-19 outbreak.

  • TDI encourages insurers to use grace periods for payments, temporary suspension of premium payments, payment plans, and other actions to allow continuing insurance coverage as appropriate.

TDI is extending claims-handling deadlines by 15 days to help insurers respond to the outbreak.

 

ICT Events

May 12

Recent Fraud Trends in Texas Property and Casualty Insurance
ICT Webinar- Register Here

July 16-17

ICT 28th Annual P&C Insurance Symposium
Register Here!



Industry Calendar

May 12

TWIA Board Meeting
Marriott South, Austin, TX

May 11

TFPA Governing Committee Meeting
Hyatt Regency, Austin, TX