April 30, 2008
Update on Mineral Coverage
In an April 16 Breaking News, TLTA informed you of Title Bulletin No. 168 issued by the Texas Department of Insurance (TDI or the Department) dealing with the exception of mineral estate from coverage. Click here to view the bulletin.
Due to major concerns by the membership regarding the affect of this bulletin, TLTA President Sheri Asbell created an association task force to look at possible solutions and urge TDI to call for an emergency rule hearing. In addition, the TDI-appointed Agent Solvency Work Group has suggested that the Department consider revising the bulletin.
Please know that this issue is our top priority and we are continuously working with the Department to seek a quick and efficient resolution. We will continue to provide you with regular updates.
Should you have any questions or concerns regarding this important issue, please contact TLTA at 800.472.1711.