| (a) All credit scoring models must be filed before
they can be used. Insurers referencing credit scoring models that
have been filed with TDI by another entity on behalf of an insurer
in this state must specify the exact name of the credit scoring model
being referenced instead of filing the model itself. Insurers making
independent credit scoring model filings must file the entire model,
including definitions.
(b) An insurer that files a credit scoring model or
references a model that has been filed with TDI by another entity
on behalf of another insurer in this state must submit the following
information with the filing:
(1) the filing transmittal information required in §5.9310
of this title (relating to Property and Casualty Transmittal Information
and General Filing Requirements);
(2) whether the insurer uses the credit score for underwriting,
rating, or tiering;
(3) for policies with more than one named insured,
which insured's credit score is used;
(4) how often the credit score is updated; and
(5) a completed questionnaire, used to verify compliance
with Insurance Code Chapter 559.
(c) TDI maintains the Filings Made Easy Guide to help
insurers comply with Texas statutes and rules. Insurers may refer
to the Filings Made Easy Guide for the questionnaire described in
subsection (b)(5) of this section. Insurers may obtain this guide
from TDI's website at www.tdi.texas.gov.
(d) Filings under this section may not be combined
with any other filing type submitted under this subchapter.
(e) All filings for credit scoring models must relate
to only one line of insurance.
(f) An insurer must refile a credit scoring model before
the insurer may use the credit scoring model for a line of insurance
not identified in the credit scoring model's original filing.
|
| Source Note: The provisions of this §5.9352 adopted to be effective February 10, 2005, 30 TexReg 548; amended to be effective November 16, 2014, 39 TexReg 8694; amended to be effective July 28, 2019, 44 TexReg 3640 |
