What agency might oversee compliance for surplus lines agents?

The Texas Department of Insurance (TDI) is the correct agency that oversees compliance for surplus lines agents. This state agency is responsible for regulating the insurance industry within Texas, including the activities of surplus lines agents who place insurance with non-admitted carriers when coverage is not available from admitted insurers.

The TDI establishes the rules and standards that surplus lines agents must adhere to and ensures that they operate in accordance with state laws. This includes licensing requirements, maintaining appropriate records, and ensuring that consumers are protected when they purchase surplus lines insurance. The agency's role is vital in maintaining the integrity and consumer trust in the insurance market.

The other options listed do not have the specific jurisdiction over surplus lines compliance in Texas. While the Federal Trade Commission might regulate some aspects of commerce, it does not specifically oversee the insurance industry. The National Association of Insurance Commissioners primarily focuses on standard-setting and does not directly enforce compliance at the state level. The Insurance Fraud Division deals primarily with fraudulent activities rather than the overall compliance of surplus lines agents.