Policy Developments from TIADA
TIADA has been organizing and attending various meetings at the Capitol and around the state. It is an essential part of what the association does to support its members on a policy level. Below you will read developments on a couple of events related to the Texas Department of Insurance and local legislative activities.
Dealer Luncheon in Weslaco
TIADA recently hosted a dealer luncheon in Weslaco.
"It was a great turnout, said TIADA Executive Director Jeff Martin. "We had dealers from Pharr, Brownsville, McAllen, Donna, and in-between." This is the fourth such meeting TIADA has hosted this year, and they plan to host at least two more in other areas around the state before the year is over. Special guests included State Representative Armando "Mando" Martinez and State Senate candidate Morgan LaMantia.
Both discussed issues facing independent automobile dealers and took questions from the crowd. Armando Villarreal, from McAllen Auto Sales, who serves as the TIADA Region 6 Vice President, was instrumental in helping organize the luncheon. "This is a unique opportunity to visit with our local legislator in a relaxed atmosphere and discuss issues that specifically affect our industry," he said. Matin wrapped up the luncheon by reviewing TIADA's legislative priorities for the 2023 legislative session and answering a number of compliance questions from the dealers.
Hearing at the House Committee on InsuranceTIADA recently attended a House Committee on Insurance hearing. The Committee is hearing testimony concerning insurance companies' appraised value of damaged vehicles. Specifically, the Committee is looking into whether or not to allow insurance companies to avoid giving policyholders the right to request an independent appraisal because TDI approved a company's contract that eliminated this right and refused another company's right to do the same.
After the hearing, TIADA had the opportunity to visit with TDI to discuss insurance companies not including lienholders on checks, despite clear legal requirements for insurance companies to include them.
TIADA is actively monitoring the situation and will keep members updated as the situation evolves and will continue conversations with TDI about issues dealers are facing with insurance companies.