(a) Purpose and Applicability. (1) The purpose of this section is to establish requirements for the reporting of premium and loss data by direct commercial lines insurers pursuant to the Insurance Code Chapter 38, Subchapter E. (2) Pursuant to the Insurance Code §38.202, the commissioner has designated a statistical agent for commercial lines of insurance. (3) Pursuant to the Insurance Code §38.205, all insurers writing direct commercial lines business in the State of Texas are required to provide a report of their premium and loss cost experience to the commissioner or the statistical agent designated under the Insurance Code §38.202. The report must comply with the reporting requirements and instructions specified in the Texas Commercial Lines Statistical Plan adopted by reference pursuant to subsection (b) of this section. (4) This section applies to all reports required under this section filed with the department for reporting periods beginning on or after January 1, 2010. (b) Adoption by reference. The commissioner adopts by reference the Texas Commercial Lines Statistical Plan effective January 1, 2010. This document is published by the Texas Department of Insurance and is available from the Data Services Division, Mail Code 105-5D, Texas Department of Insurance, P.O. Box 149104, Austin, Texas 78714-9104 or the department website at www.tdi.state.tx.us.
Source Note: The provisions of this §5.9501 adopted to be effective December 8, 2009, 34 TexReg 8730