¶ … Texas Department of Insurance illustrates why and when the Texas Department of Insurance was formed and how much it has accomplished since the time it was established. This paper highlights the number of people employed by the TDI, their annual budget and their board of governors.
The Texas Department Of Insurance
The prime purpose of the Texas Department of Insurance is to efficiently manage files on all the insurance carriers in Texas. These files are categorized by their respective types and region and are provided to other school districts upon request. The Texas Department of Insurance is divided in such a way that each group governs each insurance type. "For example, property and casualty, life and health, and workers' compensation are each separate departments with teams of experts capable of answering inquiries and complaints about each of those specific types of insurance" (Texas Comptroller Of Public Accounts, Purchase School District Insurance Through Cooperative Agreements). The exact date of formation of the Texas Department of Insurance is unknown. However, it is believed that the respective department dates all the way back to the time when Mark Twain published his award winning novel, "The Adventures of Tom Sawyer," i.e. 1876.
During the same year of its formation and through the constitution of Texas the official office of the Insurance Commissioner was established. The prime purpose of the Texas Department of Insurance was to properly regulate the insurance business in Texas. Before the formation of the Texas Department of Insurance either other states or other countries managed many of the insurance businesses in Texas. According to statistics, "out of 61 companies doing business in Texas in 1874, only four were domestic" (Texas...
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