Author Archives: Regina Anderson, Insurance Information Services

2017 Company Appointment Guide Now Available Online

IIAT staff recently surveyed IIAT member insurance companies in Texas to update their agency appointment strategies, resulting in the 2017 edition of IIAT’s Company Appointment Guide. Find out which companies are considering additional agency representation in various parts of the state.

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TDI Approves NCCI Filing Regarding Experience Rating Modification Factors

The Texas Department of Insurance has approved NCCI filing Item P-1413 which adds an endorsement advising employers that their experience rating modification factors may change during the policy term instead of on the anniversary rating date. The changes in Item … Continue reading

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Ask Regina

Q. What is the difference between an insurance binder and a certificate of insurance? Don’t both prove that coverage is in effect? A. A binder is an actual contract of insurance for an insured.  When you bind coverage you are … Continue reading

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Ask Regina

Q. Our insured has a TDP-3 and during a storm, lightning hit and split a tree. Is there coverage on the dwelling fire policy for the tree and does the deductible apply? A. Yes, there is coverage if the loss was … Continue reading

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Ask Regina

Q. Our insured is having a house built and the contract with the builder is requiring a waiver of subrogation on the home for any damage and for liability after the home is completed and closed so it would fall … Continue reading

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Ask Regina

Q. I have an insured with a teenage son who just got his license and the parents want to exclude him on their policy and write him a separate named non-owner policy. Can we do that? A. The teenager would … Continue reading

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Ask Regina

Q. Can a mortgage company require the amount of insurance on a homeowner’s policy to be the same as the loan amount? A. A lender may not require a borrower to purchase homeowners insurance coverage, mobile or manufactured home insurance coverage, … Continue reading

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Ask Regina

Q. Our insured co-signed a loan for his daughter to purchase a car and the lender titled the car in both the dad and daughter’s name. The daughter lives at home so she is a family member. Can we just … Continue reading

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Ask Regina

Q. We have an insurance carrier canceling a business auto policy, mid-term because of loss control. Can they cancel mid-term? A. If the carrier is admitted, cancellation is statutory for most policies. If the carrier is surplus lines statutory, statutory … Continue reading

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Ask Regina

Q. My insured is a tenant in a commercial building and the lease requires the tenant to provide loss of rents for the landlord. Is this coverage available? A. Endorsement CP 15 03 – Business Income-Landlord as Additional Insured (Rental … Continue reading

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