Which entity regulates surplus lines insurance in Texas?

The Texas Department of Insurance (TDI) is the entity responsible for regulating surplus lines insurance in Texas. This regulation includes overseeing the licensing of surplus lines agents, monitoring the compliance of surplus lines insurers with state laws, and ensuring adequate protection for the policyholders. The TDI establishes guidelines for the placement of surplus lines insurance, which is typically used when coverage cannot be obtained through licensed insurers.

Other entities listed do play roles in the insurance field, but they do not have regulatory authority specifically over surplus lines insurance in Texas. The Federal Insurance Agency does not exist as a standalone entity with regulatory power over state insurance matters. The National Association of Insurance Commissioners (NAIC) serves more of a standard-setting and coordinating function for state insurance regulators but does not regulate surplus lines insurance directly. The Surplus Lines Association of Texas is a trade association that supports surplus lines agents and market participants, but it does not have the regulatory authority to enforce insurance laws.