As you know, this legislative session has been an incredibly busy and challenging one so far, especially as it relates to our industry.
We are continuing to work to defeat legislation that could upend our safe, stable Texas system. The House Committee on Insurance may have a hearing on HB 4239 – the bill by Sen. Muñoz on reregulation – in the next couple of weeks. This bill would create a file-and-use/flexible band rating system, and TLTA is strongly opposed to it. If this bill gets a hearing, I plan to be there, and if you're a constituent of a House Committee on Insurance or House Committee on Calendars member, we need your presence, too. You can contact Mark Shilling, the TLTA grassroots coordinator, for more details and to confirm your participation.
I hope your 2017 is off to a great start. Now that the Texas Legislature is in session, we have a lot of work to do. We are actively engaged in fighting SB 372, which was filed back in December, and we expect more legislation with similar goals to be filed soon. If passed, SB 372 would not just severely alter the way our industry operates – it would also severely alter our customers' access to title insurance.