June 9, 2008
Commissioner Withdraws Minerals Coverage Bulletin - Schedules Hearing for July 15
Texas Department of Insurance (TDI) Commissioner Mike Geeslin has issued a notice that a public hearing will be held on July 15, 2008 at 10:00 a.m. in Room 100 of the William P. Hobby State Office Building at 333 Guadalupe Street in Austin, to consider rules, forms or endorsements regarding minerals coverage. Additionally, he has withdrawn in its entirety, Bulletin #168 dealing with minerals coverage. Click here to review the Notice of Public Hearing.
As previously reported to you in a TLTA Breaking News, TLTA had requested that both of these actions be taken and had submitted proposed agenda items for a possible hearing, so we are pleased to report this news to you. Over the next few weeks, our Board, staff and counsel will be continuing to work on these agenda items and our testimony for the hearing and we appreciate any input you have in that regard.
Thank you again for your continued support as we seek to resolve this issue in the best interest of the entire TLTA membership.