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 7.69 - Requirements for Filing the 2006 Quarterly and 2006 Annual 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 2006 quarterly statements, 2006 annual statement, 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 2006 quarterly statement blanks, the 2005
				  annual 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 Examinations 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
				  requirement 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 insurance 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 2006 Health Quarterly Statement for the three quarters
				  of 2006 and the 2006 Health Annual Statement if the insurer passes the Health
				  Statement Test as outlined in the "2006 Annual Statement, Health Instructions."
				  If a reporting entity qualifies under this subsection to use the 2006 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 2006 Life, Accident and
				  Health Annual Statement and the supplemental forms and reports identified in
				  these subsections shall complete filings in accordance with the "2006 Annual
				  Statement Instructions, Life, Accident and Health." Life insurers meeting the
				  test set forth in this subsection to file the 2006 Health Annual Statement and
				  the supplemental forms and reports identified in these subsections shall
				  complete filings in accordance with the "2006 Annual Statement Instructions,
				  Health." 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 as follows:
(A) 2006 Life, Accident and Health Annual
				  Statement, including the printed investment schedule detail, due on or before
				  March 1, 2007 (stipulated premium insurance companies, April 1,
				  2007);
(B) 2006 Life, Accident and
				  Health Annual Statement of the Separate Accounts for the 2006 calendar year
				  (required of companies maintaining separate accounts), due on or before March
				  1, 2007;
(C) 2006 Life, Accident
				  and Health Quarterly Statements, due on or before May 15, August 15, and
				  November 15, 2006. A Texas stipulated premium insurance 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:
(i) it is authorized to write
				  only life insurance on its certificate of authority;
(ii) it collected premiums in the prior
				  calendar year of less than $1 million; and
(iii) it had a profit from operations in the
				  prior two calendar years;
(D) 2006 Health Annual Statement, including
				  the printed investment schedule detail, due on or before March 1, 2007 if the
				  company qualifies as described in this subsection;
(E) 2006 Health Quarterly Statements, due on
				  or before May 15, August 15, and November 15, 2006 if the company qualifies as
				  described in this subsection;
(F)
				  All the paper copies of the annual and quarterly supplements prepared and filed
				  on dates specified in the forms and instructions. Schedule SIS and the
				  Supplemental Compensation Exhibit are filed only with the department;
(G) Management's Discussion and Analysis, due
				  on or before April 1, 2007; and
(H)
				  Statement of Actuarial Opinion, due on or before March 1, 2007. The actuarial
				  opinion shall be prepared in accordance with paragraph (5) of this
				  subsection.