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You are here: Home . bulletins . 2003 . b-0023-03
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COMMISSIONER'S BULLETIN # B-0023-03

June 09, 2003


To:


Re: Annual Credit Data Call for Calendar Years 2002 - for Credit, Life and Accident and Health Insurance.

You are hereby notified of the CREDIT DATA CALL, for calendar year 2002. Sections 3.5701 and 3.5702 of Title 28 of the Texas Administrative Code, (Chapter 3, Subchapter FF), as promulgated and adopted under the authority of Section 12, Article 3.53, Texas Insurance Code, provide the method for completion of the "Experience and Expense Reports." This data call is made pursuant to Section 38.001 of the Texas Insurance Code, and responses must be submitted by the dates indicated.

The ACKNOWLEDGMENT OF RECEIPT should be completed promptly and returned to this office no later than July 1, 2003. If your company has not written and does not have any in-force credit life and credit accident & health insurance in the state of Texas for 2002, make a positive statement to that effect at the bottom of the ACKNOWLEDGMENT RECEIPT.

The Credit Data Call for 2002 requests data on credit life and credit accident & health insurance in force or written directly in the state of Texas on loans or other credit transactions of 120 months or less duration. The blank experience and expense exhibits for 'experience year' are loaded on the diskette that you received in our July 28, 2000 correspondence. In the event you no longer have access to the diskette, the files on the diskette may be downloaded from our web site at http://www.tdi.state.tx.us/bulletins/index.html. The bulletin is listed under Bulletin Number B-0042-00 under the heading Annual Credit Data Call for Calendar Year 1999 for Credit, Life and Accident and Health Insurance. Please follow the form instructions and diskette instructions enclosed in this credit data call packet, as they will assist you in filling out the forms. Report all dollar ($) amounts to the nearest dollar. OMIT reporting cents (¢).

Important Note: When completing forms CI-EX-DIS and CI-EX-L, earned premiums at presumptive rate should be reported PRIOR TO the application of the discount factor. PLEASE REFER TO THE ADDENDUM TO INSTRUCTIONS FOR PREPARING FORMS.

Please retain a copy of your completed diskette for your records. This will save time in the event that a resubmission or correction of data is required in the future.

The completed ACTUARIAL CERTIFICATION (FORM CI-ACT-CERT) and AFFIDAVIT (AFFIDAVIT OF VALIDITY) (FORM CI-VAL-AFF), along with the filled-in diskette, must be received or delivered to our office no later than July 22, 2003.

In order to assure that the information is complete and valid, we are requiring that the data be verified and certified by an officer of the company. The affidavit form is required to be notarized. Additionally, to verify the method used to compute the unearned premium reserves for each carrier's single premium business, the reserves shall be attested to by a qualified actuary. A qualified actuary is a member in good standing with the American Academy of Actuaries. For the purpose of this Credit Data Call, reserves on single premium business shall be calculated as stated in the ACTUARIAL CERTIFICATION (FORM CI-ACT-CERT).

In order to ensure accuracy in data reporting, read the Instructions for Preparing Forms carefully. Please refer to the instructions for converting actual earned premiums to earned premiums at the presumptive rate. Important Note: When completing forms CI-EX-DIS and CI-EX-L, earned premiums at presumptive rate should be reported PRIOR TO the application of the discount factor. PLEASE REFER TO THE ADDENDUM TO INSTRUCTIONS FOR PREPARING FORMS.
Exhibit A, containing the presumptive premium rates, has been enclosed to assist you in your earned premium conversions.

Enclosures: Due Dates:
One page ACKNOWLEDGMENT RECEIPT July 1, 2003
One page CREDIT CALL ERROR CHECKS - - - - - - - - - - - - - - -
Nine pages of INSTRUCTIONS FOR
PREPARING FORMS and Exhibit A
- - - - - - - - - - - - - - -
Two pages of Addendum to INSTRUCTIONS FOR
PREPARING FORMS
- - - - - - - - - - - - - - -
Four pages of Appendix A - - - - - - - - - - - - - - -
Six Pages of Form Exhibits - - - - - - - - - - - - - - -
Diskette (Not Included)
(Experience and Expense exhibits)
July 22, 2003
Three Pages Instructions for General Expense Exhibit - - - - - - - - - - - - - - -
Four Pages Diskette Reporting Instruction Manual - - - - - - - - - - - - - - -
ACTUARIAL CERTIFICATION
(FORM CI-ACT-CERT)
July 22, 2003
AFFIDAVIT
(AFFIDAVIT OF VALIDITY) (FORM CI-VAL-AFF)
July 22, 2003

Mail the completed diskette, Actuarial Certification and Affidavit to:

Texas Department of Insurance
Attn: Jan Gibson (MC106-1E)
P. O. Box 149104
Austin, Texas 78714-9104

Express mail may be sent to:

Texas Department of Insurance
Attn: Jan Gibson (MC106-1E)
333 Guadalupe
Austin, Texas 78701

Questions concerning this bulletin should be directed to Jan Gibson at the Texas Department of Insurance at (512) 305-7317, or e-mail Jan.Gibson@tdi.state.tx.us

Sincerely,


Jan Gibson, ASA, MAAA
Actuary
Enclosures



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