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COMMISSIONER'S BULLETIN # B-0002-03

January 15, 2003


To: All Insurers Farm and Ranch and Farm and Ranch owners Insurance in Texas


Re: Adoption of Proposed Amendments to the Texas Commercial Lines Statistical Plan

Commissioner's Order No. 03-0023 issued on January 14, 2003, adopted amendments to the Texas Commercial Lines Statistical Plan - Farm & Ranch and Farm & Ranchowners modules (Stat Plan) as proposed by the staff of the Texas Department of Insurance. The amendments:

  • add options to the Policy Forms field of the Stat Plan for ISO's new policy forms.
  • add options to the subline field that are applicable to ISO's new policy forms.
  • add a field to report the actual dollar amount of the deductible that is associated with a particular policy and a field to indicate whether wind coverage is included. With the addition of this new field, the current deductible field is no longer necessary and therefore is deleted.
  • add a field to capture risk classification information specific to ISO's new policy forms.
  • add a field to capture rating modification factor information specific to ISO's new policy forms.
  • add a field to capture company loss cost multiplier information specific to ISO's new policy forms.
  • expand the cause of loss options to match those available under ISO's new policy forms.
  • delete the tenure discount field as it is no longer applicable.
  • delete the fire rate field as it is no longer applicable.
  • delete the optional credit field as it is no longer used.
  • amend the types of submission media to reflect electronic media types that are currently available.

The adopted amendments are necessary in order to allow the reporting of experience relating to the use of the Insurance Services Office's (ISO's) recently approved policy forms. All amendments and associated changes to the Stat Plan reporting requirements are effective for 2nd quarter 2003 experience reporting. Please replace the current same-numbered pages with the attached revised pages in the Stat Plan. Changes are noted with strike-through or underline marks as applicable. A complete copy of the Stat Plan can be downloaded at www.tdi.state.tx.us.

Questions relating to this bulletin should be directed to the undersigned at (512) 475-3026.

Sincerely,

Gary Gola
Special Projects Director
Property & Casualty (MC 105-5S)

Link to revised Texas Commercial Lines Statistical Plan




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Last updated: 08/05/2015

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