TDI meaning in Insurance ?

Answer:

What is Texas Department of Insurance mean?

The Texas Department of Insurance (TDI) regulates insurers and other companies that conduct insurance business in Texas, and assists Texas-based insurance consumers. TDI was founded in 1876 as the Department of Insurance, Statistics and History.

The agency is responsible of enforcing the Texas Insurance Code; to regulate the insurance business, protect consumers, ensure fair competition among companies, and foster the stability of insurance market. In addition to administering the Texas workers’ compensation system according to the Texas Labor Code, performing the duties of the State Fire Marshal’s Office, and providing administrative support to the Office of Injured Employee Counsel.

The agency is headquartered at the William P. Hobby State Office Building at 333 Guadalupe Street in Austin, Texas. It has around 1,400 employees statewide and a $110 million annual budget.

The Commissioner of Insurance serves as the chief executive and administrative officer of the department.

reference

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