Company Profile
Texas Department of Insurance
Company Overview
The Texas Department of Insurance (TDI) regulates the state’s insurance industry, oversees the administration of the Texas workers’ compensation system, performs the duties of the State Fire Marshal’s Office, and provides administrative support to the Office of Injured Employee Counsel – a separate agency.
TDI's mission is to protect insurance consumers by:
•Regulating the insurance industry fairly and diligently
•Promoting a stable and competitive market
•Providing information that makes a difference.
TDI will exemplify friendly, courteous, ethical, and professional behavior in all areas of performance by:
•Providing the best value in services to the people of Texas
•Applying the law and the agency policy fairly and consistently throughout the state,
•Communicating openly and providing timely and accurate information to the public we serve, and to all our fellow employees, and
•Communicating internally and externally, we evaluate and adjust the course of the agency in response to changes in conditions.
Company History
The recorded history of insurance law in Texas and the predecessors of TDI date back to 1876 -- the year Mark Twain published "The Adventures of Tom Sawyer" and Colorado became the 38th state. The constitution of Texas adopted that year authorized the Legislature to create the office of Insurance Commissioner when it deemed it necessary. Two years earlier, the state had made its first effort to regulate the insurance business in Texas. The state's economy and population were growing, and wildcat insurance schemes were common. The 14th Legislature in 1874 passed a law regulating the life and health insurance business in the areas of company formation, activities and coverage.
Notable Products / Brands
http://www.tdi.texas.gov/
Notable Accomplishments / Recognition
Meet some of our employees:
https://www.linkedin.com/feed/hashtag/thisistdi/
Benefits
Health insurance for new employees to the State of Texas is effective the first day of the month following their 60th day of employment. After this time, the state pays 100 percent for a full time employee's health coverage and one half the premium for part-time employees. Dependent coverage is also available and the state pays part of the premium. Other insurance benefits include dental coverage, disability coverage, term life and accidental death and dismemberment. There is no waiting period to enroll in this coverage. Full time employees earn 96 hours of sick leave each year of state service and will earn a minimum of 96 hours a year of annual leave.
State employees are required to participate in the retirement program. The employee contributes 9.5% of their gross salary to the retirement program, and the state contributes an equal amount. The contributions are combined when the employee retires. The retirement program and insurance program are administered by the Employees Retirement System of Texas. Supplemental retirement plans are also available through a Deferred Compensation Plan (457) and Texa$aver (401K) as well as a Roth option for both plans.
TDI has some benefits unique to the agency. These non-monetary benefits presently include flexible work hours, compressed work weeks, longevity service and other recognition awards and an employee assistance program. TDI also offers employees participation in the Texas Legal Protection Plan, an employee-paid legal insurance program.