The Texas Department of Insurance coverage has issued a particular information contact to receive info from insurance coverage companies writing private passenger automobile insurance in Texas.
TDI mentioned the information requested is in response to legislative inquiries and pertains to bodily injury and property damage liability claims below named driver policies or policies with an excluded driver endorsement.
Insurers must respond to this data contact no later than March 3, 2015, TDI stated.
At least 2 bills — HB 318 by Rep. Mark Keogh and HB 335 by Rep. Ed Thompson — have been introduced in Texas that would prohibit automobile insurers from issuing named driver policies in the state. HB 335 would enable a named driver exclusion beneath certain circumstances.
For the purposes of the data get in touch with, TDI is making use of the following definitions:
- Named Driver Policy – An automobile insurance coverage policy that does not provide coverage for an person residing in a named insured’s household specifically unless the individual is named on the policy. The term contains an automobile insurance policy that has been endorsed to supply coverage only for drivers specifically named on the policy.
- Excluded Driver Endorsement – An endorsement attached to a private passenger automobile insurance policy that excludes coverage for a particular person particularly named in the endorsement.
- Regular Policy – A private passenger automobile insurance coverage policy that supplies coverage for the named insured, named insured’s spouse, household members residing in the household, and other people using the insured automobile. A normal policy does not consist of a named driver endorsement or an excluded driver endorsement.
- Other Policy Types – Any other type of private passenger automobile policy that is not a Named Driver Policy or a Normal Policy, and is not a policy with an excluded driver endorsement.
- Claim – A claim that is reported per occurrence for liability combined, not per claimant or per coverage.
Reported policy varieties should equal 100 percent of the total book of private passenger automobile enterprise.
Texas Concerns Information Contact on Named Driver Policies, Excluded Driver Endorsements
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