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Bill

HB 3502

Relating to annual statistical reports for fixing title insurance premium rates.

89th Legislature (2025)

Texas bill requiring annual statistical reports to inform title insurance premium rate-setting, potentially increasing regulatory oversight of rates affecting property transactions statewide.

Left pending in committee
#insurancerates(s0525) #insurance #texasdepartmentof(v0006) #insurance--property&casualty(i0442)
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Bill Summary · HB 3502

Legislative bill overview

HB 3502 would require the development and submission of annual statistical reports to support the fixing of title insurance premium rates in Texas. The bill appears to establish a mechanism for data collection and analysis to inform rate-setting decisions by the state insurance commissioner or relevant regulatory body.

Why is this important

Title insurance is a significant cost in real estate transactions, affecting homebuyers and property transfers across Texas. Requiring statistical reports based on actual claims data could promote rate-setting that reflects actual risk rather than historical practices, potentially impacting affordability and transparency in the real estate market.

Potential points of contention

  • Rate impact uncertainty: Unclear whether data-driven rate adjustments would increase or decrease premiums for consumers, or whether changes would be distributed equitably across different regions and property types
  • Insurance industry compliance burden: Requiring detailed statistical compilation and reporting may impose administrative costs on title insurance companies that could be passed to consumers
  • Regulatory authority scope: Questions about what specific metrics must be reported, how frequently, and what discretion regulators have in using this data to approve or deny rate changes

Compiled from official sources — confirm details with the bill’s official record.

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