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Texas Insurance Commissioner Sees AI Potential in Policy Form Review Process
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Texas Insurance Commissioner Kent Sullivan is on a quest to bring insurance regulation in his state into the 21st century. To that end he's instructed the Texas Department of Insurance to embark on a number of ambitious projects aimed at making the agency more efficient as well as more user-friendly. One of those initiatives is an overhaul of the way the agency reviews the policy forms submitted by insurance carriers. By incorporating artificial intelligence, TDI is looking to create an automated system that is faster, more accurate and allows for greater regulatory consistency in the review process.
