The Texas Insurance Code "completely regulates" the business of title insurance and with traditional avenues closed, many within the title insurance industry have turned toward illegal kickbacks to solicit business.
Economy
Impact of a Border- Adjustment Tax on the Texas Insurance Market
Applying a destination-based cash flow tax—better known as a “border-adjustment tax,” or BAT—to the import of reinsurance would have significant effects on the cost and availability of a range of insurance products. This report projects that, for Texas consumers, the impact would be $3.39 billion in higher property-casualty insurance premiums over the next decade.
April 27, 2017