Texas Administrative Code › Title 28 - INSURANCE › Part 1 - TEXAS DEPARTMENT OF INSURANCE › Chapter 7 - CORPORATE AND FINANCIAL REGULATION › Subchapter A - EXAMINATION AND FINANCIAL ANALYSIS › Section 7.70 - Requirements for Filing the 2007 Quarterly and 2007 Annual Statements, the 2008 Quarterly Statements, Other Reporting Forms, and Electronic Data Filings, with the Texas Department of Insurance and the NAIC

Current through Reg. 49, No. 28; July 12, 2024
(a) Scope. This section specifies the
				  requirements for insurers and other regulated entities for filing the 2007
				  quarterly statements, 2007 annual statement, 2008 quarterly statement blanks,
				  other reporting forms, and electronic data filings, with the department and the
				  National Association of Insurance Commissioners (NAIC) necessary to report
				  information concerning the financial condition and business operations and
				  activities of insurers. This section applies to all insurers and certain other
				  regulated entities authorized to do the business of insurance in this state and
				  includes, but is not limited to, life insurers; accident insurers; life and
				  accident insurers; life and health insurers; accident and health insurers;
				  life, accident and health insurers; mutual life insurers; stipulated premium
				  insurers; group hospital service corporations; fire insurers; fire and marine
				  insurers; U.S. branches of alien insurers; Mexican casualty insurers; general
				  casualty insurers; fire and casualty insurers; mutual insurers other than life;
				  statewide mutual assessment companies; local mutual aid associations; mutual
				  burial associations; exempt associations; county mutual insurers; Lloyd's
				  plans; reciprocal and inter-insurance exchanges; domestic risk retention
				  groups; domestic joint underwriting associations; title insurers; fraternal
				  benefit societies; farm mutual insurers; health maintenance organizations;
				  nonprofit health corporations; nonprofit legal services corporations; the Texas
				  Health Insurance Risk Pool; the Texas Mutual Insurance Company; the Texas
				  Windstorm Insurance Association; and the Texas FAIR Plan Association. The
				  commissioner adopts by reference the 2007 quarterly statement blanks, the 2007
				  annual statement blanks, the 2008 quarterly statement blanks, and the related
				  instruction manuals published by the NAIC, and other supplemental reporting
				  forms specified in this section. The forms are available from the Texas
				  Department of Insurance, Financial Analysis and Examination Division, Mail Code
				  303-1A, P.O. Box 149104, Austin, Texas 78714-9104. The NAIC annual and
				  quarterly statement blanks and other NAIC supplemental reporting forms can be
				  printed or filed electronically using annual statement software available from
				  vendors. Insurers and other regulated entities shall properly report to the
				  department and the NAIC by completing, in accordance with applicable
				  instructions, the appropriate hard copy annual and quarterly statement blanks,
				  other reporting forms, and electronic data filings.
(b) Definition. In this section "Texas
				  Edition" refers to the blanks and forms promulgated by the
				  commissioner.
(c) Conflicts with
				  other laws. In the event of a conflict between the Insurance Code, any
				  currently existing department rule, form, instructions, or any specific
				  requirement of this section and the NAIC instructions listed in this section,
				  the Insurance Code, the department rule, form, instruction, or the specific
				  requirements of subsections of this section shall take precedence and in all
				  respects control.
(d) Filing
				  requirements for life, accident and health insurers. Each life, life and
				  accident, life and health, accident, accident and health, mutual life, or life,
				  accident and health insurance company, stipulated premium company, group
				  hospital service corporation, and the Texas Health Insurance Risk Pool shall
				  complete and file the blanks, forms, or electronic data filings as directed in
				  this subsection. This subsection does not apply to entities licensed as health
				  maintenance organizations under the Insurance Code Chapter 843. Insurers
				  specified in this subsection and engaged in business authorized under the
				  Insurance Code Chapter 843 may have additional reporting requirements under
				  subsection (h) of this section. Insurers described under this subsection may
				  elect to file on the 2007 Health Quarterly Statement for the three quarters of
				  2007, the 2007 Health Annual Statement for year-end 2007, and on the 2008
				  Health Quarterly Statement for the three quarters of 2008, if the insurer
				  passes the Health Statement Test as outlined in the "2007 Annual Statement,
				  Health Instructions." If a reporting entity qualifies under this subsection to
				  use the 2007 Health Annual Statement, it must continue to use that annual
				  statement for a minimum of three years or obtain written approval from the
				  department to change to another type of annual statement. Insurers filing the
				  2007 Life, Accident and Health Annual Statement, the 2007 Life, Accident and
				  Health Quarterly Statements, and the 2008 Life, Accident and Health Quarterly
				  Statements, and the supplemental forms and reports identified in these
				  subsections shall complete filings in accordance with the "2007 Annual
				  Statement Instructions, Life, Accident and Health," the "2007 Quarterly
				  Statement Instructions, Life, Accident and Health," and the "2008 Quarterly
				  Statement Instructions, Life, Accident and Health," as applicable. Life
				  insurers meeting the test set forth in this subsection to file the 2007 Health
				  Annual Statement and the supplemental forms and reports identified in these
				  subsections shall complete filings in accordance with the "2007 Annual
				  Statement Instructions, Health," the "2007 Quarterly Statement Instructions,
				  Health," and the "2008 Quarterly Statement Instructions, Health," as
				  applicable. The electronic filings of these forms or reports with the NAIC
				  shall be in accordance with the NAIC data specifications and instructions for
				  electronic filing and shall include PDF format filing. The filings for insurers
				  described in this subsection are as follows:
(1) Domestic insurer reports and forms in
				  paper copy to be filed with the department and the NAIC: 2007 Life, Accident
				  and Health Quarterly Statements, due on or before May 15, August 15, and
				  November 15, 2007. A Texas stipulated premium company, unless specifically
				  requested to do so by the department, is not required to file quarterly data
				  filings with the NAIC if it meets all three of the following conditions:
(A) it is authorized to write only life
				  insurance on its certificate of authority;
(B) it collected premiums in the prior
				  calendar year of less than $1 million; and
(C) it had a profit from operations in the
				  prior two calendar years.