Last week we shared that the Texas Department of Insurance’s approval of changes to rates for Texas FAIR Plan Association policies. The effective date of the rate changes was May 1, 2020. TDI communicated at the end of last week that they will issue a revised order deferring the effective date for these rate changes and that the previous rates remain in effect until that date. We are awaiting an official updated order from TDI, but tentatively expect that the new effective date will be August 1, 2020.
We will share additional information when TDI issues an updated order with the new effective date.
In the meantime, if you have any questions about these changes, please call us at (800) 979-6440 or contact Agent Services at email@example.com.