Biennial Report to the 83rd Texas Legislature: Department of Insurance Page: 4
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Texas Department of Insurance
Agency Overview and Update
Governance: TDI Commissioners
The commissioner of insurance is the chief executive of the Texas Department of Insurance (TDI), and the
commissioner of workers' compensation serves as the chief executive for TDI's Division of Workers'
Compensation (DWC). The governor appoints both commissioners subject to Senate confirmation. The
commissioner of insurance and commissioner of workers' compensation regulate the Texas insurance
industry and workers' compensation system, respectively, by administering and enforcing the applicable
laws. The Texas Insurance and Labor Codes fully define TDI's regulatory authority, and the agency's
regulatory rules are contained within the Texas Administrative Code.
TDI's mission is to protect insurance consumers by regulating the insurance industry fairly and diligently,
promoting a stable and competitive market, and providing information that makes a difference.
Leading at state, national, and international levels
TDI has increased its leadership role within the National Association of Insurance Commissioners (NAIC)
and International Association of Insurance Supervisors (IAIS). TDI leads or is an active participant in 44
NAIC committees and subcommittees and in four IAIS subcommittees and work groups. Our enhanced
participation will enable Texas to be at the table during development and negotiation of national and
international insurance regulation standards and to ensure that regulatory policymakers consider the Texas
regulatory environment.
The most effective form of consumer protection is a strong, competitive, stable insurance marketplace.
Therefore, TDI reallocated resources to its financial solvency function. This will improve our ability to
financially monitor insurers, to detect problems early, and to ensure that insurers pay policyholder claims in
a timely manner.
TWIA
Texas law establishes several quasi-governmental entities that are regulated by TDI, most notably, the Texas
Windstorm Insurance Association (TWIA). TWIA was placed under administrative oversight on February
28, 2011, where it remains today.
TWIA's administrative oversight was amended August 7, 2012, and the consultant firm of Alvarez and
Marsal Insurance Advisory Service, LLC (A&M) was retained by TDI to manage all of TWIA's claims for
events occurring on or before December 31, 2011, and to explore options for restructuring TWIA. A&M
subsequently released a report with the results of their evaluation, and a copy of the report is available on
the TDI website.4
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Texas. Department of Insurance. Biennial Report to the 83rd Texas Legislature: Department of Insurance, report, December 2012; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth575994/m1/5/: accessed June 28, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.