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You are here: Home . rules . 2003 . 0909A-059
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EXEMPT FILING NOTIFICATION PURSUANT TO THE INSURANCE CODE

CHAPTER 5, SUBCHAPTER L, ARTICLE 5.96

ADOPTION OF AMENDMENTS TO THE TEXAS COMMERCIAL LINES STATISTICAL PLAN

The Commissioner of Insurance (Commissioner) has adopted amendments to the Texas Commercial Lines Statistical Plan (TCLSP) ­ General Reporting Instructions, Liability, Property, Businessowners, Commercial Automobile, and Miscellaneous Commercial modules as proposed by the staff of the Texas Department of Insurance (Staff) in a petition filed on July 21, 2003. Notice of the staff´s petition (Ref. P-0703-15-l) was published in the August 1, 2003 issue of the Texas Register (28 Tex. Reg. 6027). The Department received no comments regarding the Staff´s proposed amendments.

The Commissioner has determined that the amendments are necessary to implement the reporting of terrorism premium and loss experience resulting from the passage of the federal Terrorism Risk Insurance Act of 2002.

The adopted amendments implement the reporting of terrorism premium and loss experience resulting from the passage of the federal Terrorism Risk Insurance Act of 2002 and make the following changes to the TCLSP:

General Reporting Instructions:

amend the Table of Contents of the TCLSP Manual to note the location of General Instructions for reporting Terrorism premiums and losses.

correct information regarding the Insurance Services Office´s Data Collection & Quality Assurance Division´s name, mailing address and telephone numbers.

provide General Instructions for reporting of Terrorism Coverages in Texas.

Quarterly Liability Experience Report:

add and amend fields and codes for reporting terrorism related premium and loss experience.

Quarterly Property Experience Report:

add and amend fields and codes for reporting terrorism related premium and loss experience.

Quarterly Businessowners Experience Report:

add and amend fields and codes for reporting terrorism related premium and loss experience.

Quarterly Commercial Automobile Experience Report:

add and amend fields and codes for reporting terrorism related premium and loss experience.

Quarterly Miscellaneous Commercial Experience Report:

add and amend fields and codes for reporting terrorism related premium and loss experience.

The Commissioner has jurisdiction over this matter pursuant to Insurance Code, Article 5.96 and §§38.204 and 38.207.

The amendments as adopted by the Commissioner are filed with the Department´s Chief Clerk under Ref. No. P-0703-15-I and are incorporated by reference into Commissioner´s Order 03-0851 .

Consistent with the Insurance Code, Article 5.96(h), prior to the effective date of this action, the Department will notify all insurers writing the affected lines of insurance in this state of this action.

This notification is made pursuant to the Insurance Code, Article 5.96, which exempts action taken under this article from the requirements of the Administrative Procedure Act (Government Code, Title 10, ch. 2001).

IT IS THEREFORE THE ORDER of the Commissioner of Insurance that the amendments to the Texas Commercial Lines Statistical Plan as described herein, be adopted to be effective for fourth quarter 2003 experience reporting for all affected insurers.



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