TDI Offers Guidance on New Ban on Named Driver Policies

Original source: https://www.insurancejournal.com/news/southcentral/2019/09/16/540084.htm

Our intent is to browse the internet everyday to make you to realize to the idea of having a Public Adjuster there to assist you. Take a minute to read this story we ran across.

Insurance Journal (09/16/19)

The Texas Department of Insurance has issued a bulletin providing advice on House Bill 259 that prohibits insurance from delivering, issuing for delivery, or exceeding named motorist policies or after Jan. 1, 2020. The prohibition found in HB 259 does not apply to operators’ policies, as defined in Texas Transportation Code Section 601.077, TDI. Under the new law, an insurer will continue to write and renew named driver policies that comply with all current laws and rules as late as Dec. 31, 2019. After Jan. 1, 2020, insurance companies may not send named driver policyholders a renewal because under HB 259 named driver policies might not be renewed on or after January 1, 2020. A policy can be offered by insurers . Insurers need to issue new offers has to be for a policy type that were registered with and approved by TDI. The insurance company must have speeds on file for your policy…. Read More

Thank you! And please email us if you need friendly help when arguing with your insurance adjuster. NO claim, NO fee!

Original source: https://www.insurancejournal.com/news/southcentral/2019/09/16/540084.htm

Our intent is to browse the internet everyday to make you to realize to the idea of having a Public Adjuster there to assist you. Take a minute to read this story we ran across.

Insurance Journal (09/16/19)

The Texas Department of Insurance has issued a bulletin providing advice on House Bill 259 that prohibits insurance from delivering, issuing for delivery, or exceeding named motorist policies or after Jan. 1, 2020. The prohibition found in HB 259 does not apply to operators’ policies, as defined in Texas Transportation Code Section 601.077, TDI. Under the new law, an insurer will continue to write and renew named driver policies that comply with all current laws and rules as late as Dec. 31, 2019. After Jan. 1, 2020, insurance companies may not send named driver policyholders a renewal because under HB 259 named driver policies might not be renewed on or after January 1, 2020. A policy can be offered by insurers . Insurers need to issue new offers has to be for a policy type that were registered with and approved by TDI. The insurance company must have speeds on file for your policy…. Read More

Thank you! And please email us if you need friendly help when arguing with your insurance adjuster. NO claim, NO fee!