This is a call for workers' compensation rate filings and applies to all insurance companies subject to Texas Insurance Code (TIC) Chapter 2053 and Article 5.66 that write workers' compensation and employers' liability insurance on a direct basis in Texas. Section 2053.056 requires the Commissioner of Insurance to hold a rate hearing on or before December 1, 2008 to review rates to be charged for workers' compensation insurance in this state. Each insurance company subject to Article 5.66 and Chapter 2053 is required to submit its rates, supporting information and supplementary rating information to the Commissioner.
This call requires insurers to submit the necessary rate filings. The Filings Made Easy Guide may be referred to for guidance and may be downloaded from the Department's website at http://www.tdi.state.tx.us/pubs/pc/rspceasy.html. Rate indications must be included and must be based on other than large deductible data. Rate indications at the group level are acceptable if the companies in the group normally make rate filings on a group basis. However, if rate level indications at the group level are provided, actuarial justification for individual company rate level differences within the group must also be provided.
In addition to the elements typically used to develop rate indications, more detailed information is requested in certain areas. This information is explained in the call.
Where group information is used this should be clearly indicated as should any instances where any company-specific information is provided.
If a rate filing that meets the requirements of this call was submitted by your company on or after 4/1/08, and you wish to use that filing as your response to this call, please provide a reference to that filing. If the filing met some, but not all the requirements of this call, you may provide those additional items and reference the previously submitted rate filing. Note that to qualify for this exemption the referenced filing must have been based on other than large deductible experience through 12/31/07, valued no earlier than 12/31/07.
Any filing made under this call is not considered to be a rate filing under Insurance Code §2053.003(b).
For insurers authorized to write workers' compensation in Texas who do not currently write workers' compensation insurance, please reply with a letter or e-mail indicating such to Elizabeth Buhro.
Rate filings are due by August 18, 2008, and should be mailed or delivered to the Intake Unit at the appropriate address below. Responses through SERFF are also acceptable. If you have any questions concerning the call, please contact Elizabeth Buhro by telephone at 512-475-3017 or by e-mail at Elizabeth.Buhro@tdi.state.tx.us.
Sincerely,
J'ne Byckovski
Chief Actuary
Property & Casualty Program
Mail responses to: Deliver responses to:
Texas Department of Insurance Texas Department of Insurance
Property & Casualty Intake Unit Property & Intake Unit
Mail Code 104-3B Tower 1, Room 460A
P.O. Box 149104 333 Guadalupe Street
Austin, TX 78714-9104 Austin, TX 78701