• Increase Text Icon
  • Decrease Text Icon
  • Email Icon
  • Print this page
You are here: Home . bulletins . 2005 . b-0004-05
Archived File – for Reference Use.
Links and contact information may be outdated.

COMMISSIONER'S BULLETIN # B-0004-05

January 20, 2005


To: ALL COMPANIES, CORPORATIONS, EXCHANGES, MUTUALS, RECIPROCALS, ASSOCIATIONS, LLOYDS, OR OTHER INSURERS WRITING PROPERTY AND CASUALTY INSURANCE IN THE STATE OF TEXAS


Re: Commissioner's Order No. 04-1082 repealing Title 28 Texas Administrative Code §5.9101, Commercial Multi-Peril Policies, and Commissioner's Order No. 04-1083 adopting new Title 28 Texas Administrative Code §5.5005, Rates for Commercial Multi-Peril Policies.

The repeal of §5.9101 and adoption of §5.5005 were necessary to implement amendments to the Texas Insurance Code as enacted by Senate Bill 14, 78th Legislature, Regular Session.

New §5.5005 provides that all companies offering commercial multi-peril policies, including Lloyd's plans, reciprocals, and interinsurance exchanges are subject to the rate filing requirements of Article 5.13-2, Insurance Code, except as provided by subsection (d) of the rule. The reduced filing requirements contained in subsection (d) of the rule, require Lloyd's plans, reciprocals, and interinsurance exchanges to file a schedule of the amounts to be charged and the amount of any rate changes for commercial multi-peril policies that contain a combination of certain lines of insurance.

The text of 28 TAC §5.5005 as well as the department's property and casualty filing requirements may be obtained by visiting the department's website at www.tdi.state.tx.us.

Questions regarding this bulletin should be addressed to:

Mark Worman, Manager
Commercial Property/Casualty Section, Mail Code 104-PC
Texas Department of Insurance
P.O. Box 149104
Austin, TX 78714-9104
(512) 305-7544
Mark.Worman@tdi.state.tx.us


Marilyn Hamilton, Associate Commissioner
Property & Casualty Program MC 104-PC



For more information contact:

Last updated: 09/07/2014

Contact Information and Other Helpful Links