| (6) An insurer ceding business to a limited purpose
subsidiary life insurance company must file the actuarial certification
required under the Insurance Code §841.419, in paper copy only
with the department, due on or before March 1 for the preceding year
ending December 31.
(j) Requirements for certain property and casualty
insurers. Each domestic fire, fire and marine, general casualty, fire
and casualty, or U.S. branch of an alien insurer, a domestic county
mutual insurance company, a domestic mutual insurance company other
than life, a domestic Lloyd's plan, a domestic reciprocal or inter
insurance exchange, a domestic risk retention group, a domestic life
insurance company that is licensed to write workers' compensation;
any domestic farm mutual insurance company that filed a property and
casualty annual statement for the previous calendar year or had gross
written premiums in excess of $6 million for the current calendar
year, a domestic joint underwriting association, the Texas Mutual
Insurance Company, the Texas Windstorm Insurance Association, and
the Texas FAIR Plan Association must complete and file the blanks,
forms, and electronic filings as described in subsection (f) of this
section and this subsection. Each foreign fire, fire and marine, general
casualty, fire and casualty, or U.S. branch of an alien insurer, a
foreign county mutual insurance company, a foreign mutual insurance
company other than life, a foreign Lloyd's plan, a foreign reciprocal
or inter insurance exchange, a foreign life insurance company that
is licensed to write workers' compensation, and any foreign farm mutual
insurance company that filed a property and casualty annual statement
for the previous calendar year or had gross written premiums in excess
of $6 million for the current calendar year must complete and file
the blanks, forms, and electronic filings as described in subsection
(h) of this section and this subsection. The electronic filings with
the NAIC must be completed and filed in accordance with the NAIC data
specifications and instructions and must include PDF format filing,
as applicable. Domestic insurers or other regulated entities described
in this subsection and foreign insurers or other regulated entities
described in this subsection annually must prepare and file the reports
and forms specified in subsections (f) and (h) of this section, respectively,
with the following exceptions or additional filings:
(1) a combined property/casualty annual statement,
if required, due on or before May 1, for the preceding year ending
December 31, in paper copy with the department and electronically
with the NAIC. The combined property/casualty annual statement is
required only for those affiliated insurers that wrote more than $35
million in direct premiums as a group in the previous calendar year,
as disclosed in Schedule T of the NAIC annual statement(s).
(2) an Actuarial Opinion Summary prepared and filed
in accordance with §7.9 of this subchapter (relating to Examination
of Actuarial Opinion for Property and Casualty Insurers).
(3) for Texas county mutual insurance companies, a
Texas Supplement for County Mutuals (Texas Edition) and a Texas Supplemental
"A" for County Mutuals (Texas Edition), in paper copy only with the
department, due on or before March 1. Texas county mutual insurance
companies are not required to file an Analysis of Surplus (Texas Edition)
as described in subsection (f)(8) of this section.
(4) The Texas Windstorm Insurance Association must
complete and file in paper copy with the department and electronically
with the NAIC the filings specified under subsection (f) of this section
and paragraph (2) of this subsection, on or before the due dates required
under those provisions. Additionally, the Texas Windstorm Insurance
Association must prepare and file in paper copy with the department
only:
(A) annual financial statements for each year ending
December 31, due on or before March 1, in accordance with the Insurance
Code Chapter 2210, prepared in accordance with generally accepted
accounting principles as prescribed or modified by the Governmental
Accounting Standards Board or its successor, and in compliance with
the Government Code §2101.011(d) and any related regulations,
guidelines, procedures, or reporting requirements prescribed by the
Comptroller of Public Accounts; and
(B) quarterly financial statements for the first three
quarters of each calendar year, due on or before May 15, August 15,
and November 15, prepared in accordance with generally accepted accounting
principles as prescribed or modified by the Governmental Accounting
Standards Board or its successor.
(5) Notwithstanding §5.9927 of this title (relating
to Annual and Quarterly Financial Statements), the Texas FAIR Plan
Association must complete and file in paper copy with the department
and electronically with the NAIC the filings specified under subsection
(f) of this section and paragraph (2) of this subsection, except that
the annual statements, the Statement of Actuarial Opinions, and all
annual supplements due on or before March 1 under the NAIC instructions
are due on or before March 31; and the Actuarial Opinion Summary is
due on or before April 15.
(6) An insurer that files an application with the department
for approval of a policyholder dividend must file an Analysis of Surplus
(Texas Edition) for property and casualty insurers with the application.
(k) Requirements for fraternal benefit societies. Each
domestic fraternal benefit society must complete and file the blanks,
forms, and electronic filings as described in subsection (f) of this
section and this subsection. Each foreign fraternal benefit society
must complete and file the blanks, forms, and electronic filings as
described in subsection (h) of this section and this subsection. The
electronic data filings with the NAIC must be completed and filed
in accordance with the NAIC data specifications and instructions and
must include PDF format filing. Domestic insurers or other regulated
entities described in this subsection and foreign insurers or other
regulated entities described in this subsection must prepare and file
the reports and forms specified in subsections (f) and (h) of this
section, respectively, with the following exceptions or additional
filings:
(1) a separate accounts annual statement (required
of companies maintaining separate accounts), in paper copy with the
department and electronically with the NAIC, due on or before March
1 for the preceding year ending December 31.
(2) The Statement of Actuarial Opinion required under
subsections (f)(4) and (h)(1) of this section must be prepared in
accordance with the following:
(A) The Statement of Actuarial Opinion, attached to
the Fraternal Annual Statement, must follow the applicable provisions
of §§3.1601 - 3.1608 of this title, except for companies
exempted from the asset adequacy analysis pursuant to §3.1608
of this title. For those companies exempted from the asset adequacy
analysis pursuant to §3.1608 of this title, the format provided
by instructions 1 - 12 of the NAIC Fraternal Annual Statement Instructions
must be followed; and
(B) Any company required by §3.4505(b)(3)(G) of
this title to opine on the application of X factors, shall attach
this opinion to the NAIC Fraternal Annual Statement, as applicable.
(l) Requirements for title insurers. Each domestic
title insurance company must complete and file the blanks, forms,
and electronic filings as described in subsection (f) of this section
and this subsection. Each foreign title insurance company must complete
and file the blanks, forms, and electronic filings as described in
subsection (h) of this section and this subsection. The electronic
filings with the NAIC must be completed and filed in accordance with
the NAIC data specifications and instructions and must include PDF
format filing.
(m) Requirements for health maintenance organizations.
Each domestic health maintenance organization licensed pursuant to
the Insurance Code Chapter 843 and each insurer that is subject to
life insurance statutes and is permitted or allowed to do the business
of health maintenance organizations must complete and file the following
blanks, forms, and electronic filings as described in subsection (f)
of this section and this subsection. Each foreign health maintenance
organization licensed pursuant to the Insurance Code Chapter 843 and
each foreign insurer that is subject to life insurance statutes and
is permitted or allowed to do the business of health maintenance organizations
must complete and file the following blanks, forms, and electronic
filings as described in subsection (g) of this section and this subsection.
The electronic filings with the NAIC must be completed and filed in
accordance with NAIC data specifications and instructions and must
include PDF format filing. The Texas specific electronic filings regarding
HMO data requested by the department must be completed and filed in
accordance with the instructions provided by the department. Domestic
health maintenance organizations and insurers described in this section
and foreign health maintenance organizations and insurers described
in this section must prepare and file the reports and forms specified
in subsections (f) and (g) of this section, respectively, with the
Cont'd... |
