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COMMISSIONER'S BULLETIN # B-0020-13

August 07, 2013


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


Re: Texas Automobile Insurance Plan Association Rates

On July 26, 2013, under Insurance Code §2151.207, the commissioner of insurance issued Commissioner's Order No. 2670. The order addresses changes in the rates for private passenger and commercial automobile insurance provided through the Texas Automobile Insurance Plan Association (TAIPA), which is the state's assigned risk plan. The changes are effective on October 1, 2013.

The commissioner ordered that the rates charged for private passenger automobile insurance provided through TAIPA increase by 6.4 percent for bodily injury liability and by 5.3 percent for property damage liability. The commissioner did not order changes in the rates for personal injury protection or uninsured/underinsured motorist coverages. The overall increase in the rates for private passenger automobile insurance provided through TAIPA is 5.6 percent.

The commissioner ordered that the rates charged for commercial automobile insurance provided through TAIPA reflect the most recently accepted Insurance Services Office, Inc. (ISO) loss costs and classification factors, as contained in the following filings:

ISO filing number

TDI link number

Description

CA-2012-BRLA1

123810

Loss costs for other-than-zone-rated risks

CA-2012-RZR1

125692

Classification changes

CA-2012-RZRLC

125693

Loss costs for zone-rated risks

You may download the revised rates, premiums, rating factors, and instructions (machine letters) to generate TAIPA private passenger and commercial automobile insurance rates for new and renewal business effective on or after October 1, 2013, from the Texas Department of Insurance website at www.tdi.texas.gov/bulletins/index.html. Select "Commissioner's Bulletin No. B-0020-13." You may also download the new TAIPA private passenger and commercial automobile rate bulletins, which are similar in format to the rate pages that will soon appear in the TAIPA manual. These are available in Excel and PDF formats.

You may request hard copies of the machine letters and rate bulletins by contacting the Property and Casualty Actuarial Office at 512-475-3017 or pcactuarial@tdi.texas.gov.

For further information or questions concerning this bulletin, please contact the Property and Casualty Actuarial Office by telephone at 512-475-3017 or by email at pcactuarial@tdi.texas.gov.

J'ne Byckovski

Chief Actuary

Property and Casualty Actuarial Office

Available for downloading:

TAIPA Private Passenger Auto Rate Bulletin in EXCEL or PDF

TAIPA Private Passenger Auto Machine Letter in EXCEL or PDF

TAIPA Commercial Auto Rate Bulletin in EXCEL or PDF

TAIPA Commercial Auto Machine Letter in EXCEL or PDF



For more information contact:

Last updated: 09/16/2014

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