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The following is a summary of recent TDI audits, violations, and enforcement actions from December 2017 through February 2018. Read TDI's complete summary of operations for the quarter, or read the key statistics below.
Compliance Audits: TDI's goal is to comprehensively audit agencies at least once every two years. This quarter, TDI conducted 62audits.
Commissioner Orders: This quarter, TDI signed twoCommissioner Orders. As of this report, 48cases remain active and under investigation.
Compliance Audit Results: Below are TDI's most common audit findings for the quarter that ended in February. The numbers below represent how many agencies had an infraction, not the number of times the infraction occurred:
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Number of Agencies
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Category
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Description
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37
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Texas Insurance Code
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Section 2702.053 - Actual receipts and/or disbursements not in agreement with settlement statement or premium split not disclosed
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19
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Procedural Rules
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P-21: Schedule D of commitment not in file or premium split not disclosed on commitment
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32
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Procedural Rules
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P-73: Failure to prepare/maintain form T-64 (TD) when CD used
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17
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Minimum Escrow Accounting Procedures & Internal Controls
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#15 - Disbursement sheets missing, incomplete or incorrect
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24
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Minimum Escrow Accounting Procedures & Internal Controls
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#16 - Every disbursement not supported by invoice or sufficient other evidence
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30
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Escrow Accounting
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Outstanding checks not cleared timely
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