(a) Insurers writing residential property in underserved
areas that may qualify under Insurance Code Chapter 2251, Subchapter
F, concerning Exemptions for Certain Insurers from Rate Filing and
Approval Requirements, must submit rate and rule filings in compliance
with this subsection and with all provisions of §5.9334 (relating
to Requirements for Rate and Rule Filing Submissions) not listed in
paragraph (2) of this subsection. If TDI determines that an insurer
is not exempted under Insurance Code §2251.252(a), concerning
Exemption from Certain Other Law, the insurer must file in compliance
with Division 6 of this subchapter (relating to Filings Made Easy
- Requirements for Rate and Rule Filings).
(1) Insurers must include a form meeting the elements
in subparagraphs (A) and (B) of this paragraph. The Certification
of §2251.251 and §2251.252 Exemption Compliance (EC-1) Form,
found in the Filings Made Easy Guide, may be used to satisfy these
requirements.
(A) The form must include the following statement:
"{Insurance company name} certifies to the Texas Department of Insurance
that the insurance company meets the requirements of Insurance Code
Sections 2251.251 and 2251.252 and qualifies for the reduced filing
requirements of 28 Texas Administrative Code Section 5.9357."
(B) The form must be dated and include the name, signature,
and title of the insurance company representative certifying the statement.
(2) Insurers exempted under Insurance Code §2251.252(a)
are not required to file the supporting information described in §5.9334(h)(5),
(6), (9), (10), (11), (12), and (13) of this title.
(b) The reduced rate and rule filing requirements provided
under this division do not affect the requirements under §5.9941
of this title (relating to Differences in Rates Charged Due Solely
to Difference in Credit Scores) and §5.9960 of this title (relating
to Exception to Rating Territory Requirements under §2253.001
of the Insurance Code).
(c) TDI maintains the Filings Made Easy Guide to help
insurers comply with Texas statutes and rules. Insurers may obtain
this guide from TDI's website at www.tdi.texas.gov.
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Source Note: The provisions of this §5.9357 adopted to be effective February 10, 2005, 30 TexReg 548; amended to be effective August 13, 2006, 31 TexReg 6221; amended to be effective November 16, 2014, 39 TexReg 8694; amended to be effective July 28, 2019, 44 TexReg 3640; amended to be effective January 8, 2024, 49 TexReg 41 |