On April 19, 2012, in accordance with Insurance Code §2151.207, the Commissioner of Insurance (commissioner) issued Commissioner's Order No. 12-0395. Commissioner's Order No. 12-0395 relates to 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 July 1, 2012.
The commissioner ordered that the rates charged for private passenger automobile insurance provided through TAIPA increase by 31.9 percent for bodily injury liability and by 20.0 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 24.1 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-2011-BRLA1 |
117252 |
BI, PD, and PIP loss costs for other-than-zone-rated risks |
|
CA-2011-RCP1 |
117254 |
Classification changes |
|
CA-2011-RUMLC |
117393 |
UM loss costs |
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 July 1, 2012, from the Department of Insurance website at http://www.tdi.texas.gov/bulletins/index.html. Select Commissioner's Bulletin No. B-0011-12. You may also download the new TAIPA private passenger and commercial automobile rate pages (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.state.tx.us.
For further information or questions concerning this bulletin, please contact Tammy Lara in the Property and Casualty Actuarial Office by telephone at 512-475-3021 or by email at tammy.lara@tdi.state.tx.us.
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