Relating to annual statistical reports for fixing title insurance premium rates.

HB 5173 requires title insurance companies and agents in Texas to submit annual statistical reports by July 16 each year. The Texas Department of Insurance must publish a summary of these reports on its website by September 1. The bill also sets a deadline of June 2, 2025, for any new premium rates to take effect, ensuring they align with this reporting process. This bill directly affects title insurers and the state insurance department by establishing mandatory data collection and transparency requirements for rate-setting.