Q:

What Texas department regulates insurance companies?

A:

Quick Answer

The Texas Department of Insurance, or TDI, regulates insurance companies within the State of Texas based on the provisions of the Texas Insurance Code, as stated by the Consumer Protection Division of the Texas Attorney General. TDI can request the Office of the Attorney General to take legal action against insurance providers.

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Full Answer

TDI regulates the state insurance industry by licensing companies, issuing and enforcing rules and regulations, researching and penalizing misconduct, regulating the financial state of companies and investigating fraud. It ensures that insurance companies use fair and honest advertising methods, and it helps consumers and policymakers analyze data and ratings. TDI also controls the state's Division of Workers' Compensation, as noted on its website.

TDI has an extensive telephone guide at its online Information Center, including direct phone numbers for general information and assistance, administration, filings intake, financial, inspections, licensing, various insurance types, the state fire marshal's office and the Division of Workers' Compensation and its field offices. TDI's Information Center also has contact information such as its email address, mailing address and fax number, as of 2015.

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