Texas Mold Assessors and Remediators Association

Source: https://www.tdi.texas.gov/bulletins/2022/B-0006-22.html


Relevant section from one of the hyperlinks included in the bulletin
Sec. 542.057. PAYMENT OF CLAIM. (a) Except as otherwise provided by this section, if an insurer notifies a claimant under Section 542.056 that the insurer will pay a claim or part of a claim, the insurer shall pay the claim not later than the fifth business day after the date notice is made.
(b) If payment of the claim or part of the claim is conditioned on the performance of an act by the claimant, the insurer shall pay the claim not later than the fifth business day after the date the act is performed.
(c) If the insurer is an eligible surplus lines insurer, the insurer shall pay the claim not later than the 20th business day after the notice or the date the act is performed, as applicable.

B-0006-22 The Texas Department of Insurance (TDI) reminds insurers, surplus lines companies, and HMOs that Chapter 542 of the Insurance Code and Section 21.203, Title 28 of the Administrative Code, prohibit them from engaging in unfair claim settlement practices. These illegal practices include: failing to ac...

Next week on the 10th at 1pm, several members of the TMARA board will be on a Microsoft Teams meeting with the TDLR. The purpose of the meeting is to discuss a Compliance Matrix that the TDLR has prepared to be able to more easily understand the various situations that could bring about a violation. We will update FB to let you know about the results of that meeting.