| (a) The purpose of this section is to identify commercial
lines of insurance that the commissioner of insurance has determined
should be exempt from the rate filing requirements in Insurance Code
Chapter 2251, Subchapter C, concerning Rate Filings, and the form
filing requirements in Insurance Code Chapter 2301, Subchapter A,
concerning Policy Forms Generally. These exemptions are in addition
to the exceptions for certain lines of insurance listed in Insurance
Code §2251.0031(a), concerning Exceptions for Certain Lines,
and Insurance Code §2301.0031(a), concerning Exceptions for Certain
Lines.
(b) The rate filing requirements in Insurance Code
Chapter 2251, Subchapter C, and the form filing requirements in Insurance
Code Chapter 2301, Subchapter A, do not apply to any line of the following
kinds of insurance written under a commercial insurance policy or
contract:
(1) commercial credit insurance products that cover
outstanding commercial debt, including trade credit insurance and
commercial guaranteed auto protection (GAP) insurance;
(2) crime insurance;
(3) fidelity and surety products, whether referred
to as a bond or insurance, including products that cover crime, forgery,
and employee dishonesty;
(4) financial guaranty;
(5) glass insurance;
(6) hail insurance on farm crops;
(7) rain insurance;
(8) employee benefits liability;
(9) liquor liability;
(10) owners and contractors protective liability;
(11) railroad protective liability; or
(12) commercial tuition withdrawal insurance.
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