The Texas Department of Insurance is participating in a national data call to collect data related to terrorism risk insurance. Please see the terrorism risk insurance data call letter at www.naic.org/industry_terrorism_risk_data_call.htm.
Before 2018, all 50 states and the U.S. Treasury collected terrorism risk insurance data individually. From 2018 on, the states and Treasury will take a consolidated approach to collecting this data, which will permit companies to submit the same information to both the states and Treasury using joint reporting templates. Companies still need to submit data separately to the states and Treasury, but the data and format will be the same. Companies will also submit ZIP code-level data on property exposures to the states using the state property supplement.
The following are exempt from one or both parts of the data call:
- Insurance groups and individual insurers not part of a group with Terrorism Risk Insurance Program (TRIP)-eligible commercial direct earned premium of less than $10 million in 2017 are exempt from both parts of the 2018 data call.
- Captive insurers only have to submit data on the joint reporting templates. Captives are not required to file the state property supplement.
TDI requests that all insurers writing commercial property and casualty policies on lines subject to TRIP provide information on terrorism risk insurance described in the data specifications and definitions document for the period January 1, 2017, through December 31, 2017.
Insurers must submit:
- the joint reporting templates to both the states and the Treasury by May 15, 2018; and
- the state property supplement to the states by September 30, 2018.
Insurers do not need to include data for workers' compensation insurance. This data is being collected and submitted by NCCI.
Insurers can access the joint reporting templates, the state property supplement, and the data specifications and definitions document on the NAIC website at www.naic.org/industry_terrorism_risk_data_call.htm. The New York State Department of Financial Services (NY Department) will serve as the single point of collection for this data call for all states. Please submit the data in CSV format through the NY Department portal at myportal.dfs.ny.gov.
The data collected from Texas insurers will be treated as confidential but it is subject to provisions in the Texas Public Information Act, Government Code Chapter 552. Even documents labeled as confidential may be subject to disclosure if the Texas Attorney General orders the release of the information.
For technical questions concerning the data call, please contact TRIAHELP@naic.org. For
answers to frequently asked questions, go to www.naic.org/documents/industry_terrorism_risk_data_call_faq.pdf. TRIAHELP@naic.org can also be used if an insurer is seeking an exemption to part or all of the data call.