Texas Insurance Commissioner Named Chair of National Committee
The Insurance Commissioner of the Texas Department of Insurance (TDI) has been named chairman of a nationwide committee responsible for establishing uniform national standards for insurance policies.
David Mattax was named chairman of The Interstate Insurance Compact’s Interstate Insurance Product Regulation Commission (IIPRC) this week in Phoenix. The goal of the committee is to increase efficacy of insurance filing and claim reviews for the benefit of consumers, according to a press release from TDI.
“As chair of the IIPRC, I am looking forward to working with my fellow member states to continue this important effort to develop uniform standards and encourage all states and companies to participate in this transformative state-based organization,” said Mattax.
The IIPRC was formed in 2006 after meeting a threshold of 26 states and 40 percent of premium volume nationwide, according to the Interstate Insurance Compact.