If TDI asks for information about an insurer's financial condition, by how many days must the insurer/agent reply in writing?

If TDI asks for information about an insurer's financial condition, by how many days must the insurer/agent reply in writing?

• A. Five days
• B. Ten days
• C. Fifteen days
• D. Thirty days

Answer: (B)

When the Texas Department of Insurance requests information about an insurer’s financial condition, the insurer or its agent must respond in writing within ten days of receiving the request. This quick timeline helps the regulator obtain timely data to assess solvency and address potential concerns promptly. If anything prevents immediate compliance, explain the reason and provide a realistic follow-up date. Five days would be too short, while fifteen or thirty days are longer than what the regulation requires.

When the Texas Department of Insurance requests information about an insurer’s financial condition, the insurer or its agent must respond in writing within ten days of receiving the request. This quick timeline helps the regulator obtain timely data to assess solvency and address potential concerns promptly. If anything prevents immediate compliance, explain the reason and provide a realistic follow-up date. Five days would be too short, while fifteen or thirty days are longer than what the regulation requires.