Consumers Are Denied

Consumers Are Denied Full Participation in Rate-Setting

  • Title insurance is the only line of insurance where the state sets a single rate and citizens cannot fully participate in the rate-setting process.
  • This single rate is set in a hearing held by the Texas Department of Insurance every five years, unless set more frequently by the Insurance Commissioner or requested by the title insurance industry.
  • Consumers do not have a way to effectively participate in the rate-setting process.
  • Not only are consumers excluded from effectively participating in hearings, but they cannot request a hearing.
  • Only title insurance companies, agents, associations, and government regulators have input in the rate-setting hearings.
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