TAIPA News

       IMPORTANT NOTICE:  


TAIPA will be holding a Governing Committee meeting March 6th, 2024 regarding Special Rates.

This meeting will be held via Zoom staring at 9:00 AM.


 

TAIPA Plan of Operations Section 50 Motor Vehicle Crime Prevention Authority Change in Pass Through Fee

Effective immediately, the Texas Legislature enacted Senate Bill 224 which increases the fee each insurer must pay to the Motor Vehicle Crime Prevention Authority from $4 to $5 per motor vehicle year.

Please note that the Texas Department of Insurance sent out Commissioner’s Bulletin # B-0006-23 on June 6, 2023. You can link to it at: https://www.tdi.texas.gov/bulletins/2023/B-0006-23.html .

By law, insurers must pay a fee to the MVCPA. TDI's rule (Title 28 Texas Administrative Code §5.205) allows—but does not require—insurers to recoup all or part of that fee from policyholders. Rule §5.205 requires insurers to submit a rate and rule filing if they will pass on any of the fee to policyholders. Insurers should review the bulletin for additional information.

       TAIPA Rate Changes Effective June 1, 2023

The Texas Department of Insurance (TDI) has approved TAIPA rate changes for private passenger and commercial vehicles in Commissioner’s Order No. B-0002-23, dated March 6, 2023. These changes are effective June 1, 2023.

Please see Commissioner’s Bulletin # B-0002-23 dated March 6, 2023, to download the rate bulletins and machine letters. The bulletin is located on TDI’s website at:

https://www.tdi.texas.gov/bulletins/2023/B-0002-23.html

The updated TAIPA Rules and Rating Manual will be available on our website June 1, 2023.

If you have any questions regarding these changes, please contact TAIPA Customer Service toll- free at 866-321-9154 or by email at customer.service@taipa.org.


                                       TAIPA ANNUAL MEMBERSHIP FEE AND ASSESSMENT INVOICES

TAIPA ANNUAL MEMBERSHIP FEE AND ASSESSMENT INVOICES were sent out on December 30, 2022 to cover the cost of administration.

Payment is due February 1, 2023. Late payments are subject to a penalty fee as outlined on the statement.  Please issue your check payable to TAIPA and mail to the address shown on the enclosed statement. 

If your company requires a contact/address change, please complete the “Company Address Change Form” located at http://www.taipa.org/forms/apps/compaddresschange.pdf and send it to TAIPA. We will only accept contact/address changes on this form.

Please contact Mimi Leece, Ruth Wise, or Amanda Reynolds 866-321-9154 or by email customer.service@taipa.org if you have any questions.                                          


TAIPA will be sending out all future bulletins via email.

Please use this form for any updates: http://taipa.org/forms/apps/compaddresschange.pdf


Purpose of the Association

The Association was created by statute and is subject to regulatory supervision of the Department of Insurance. The purpose of the Association is to make automobile bodily injury and property damage liability insurance required by the Texas Motor Vehicle Safety Responsibility Act available to eligible applicants, subject to the rules of the Association.

The Association has established procedures for the equitable distribution of applications for insurance to be assigned to insurance companies. All insurance companies authorized to write motor vehicle liability policies in the State of Texas must be members of the Association and participate in its operation.

The Association is governed by Chapter 2151, Texas Insurance Code, and its Plan of Operation, which has been approved by the Commissioner of Insurance.

Join our mailing list to receive updates on rate changes, manual revisions, and other important notices.