Texas Administrative Code › Title 28 - INSURANCE › Part 1 - TEXAS DEPARTMENT OF INSURANCE › Chapter 5 - PROPERTY AND CASUALTY INSURANCE › Subchapter E - TEXAS WINDSTORM INSURANCE ASSOCIATION › Division 3 - LOSS FUNDING, INCLUDING CATASTROPHE RESERVE TRUST FUND, FINANCING ARRANGEMENTS, AND PUBLIC SECURITIES › Section 5.4190 - Annual Premium Surcharge Report

Current through Reg. 49, No. 28; July 12, 2024
(a)
					 This section applies to an insurer that, during the calendar year, wrote any of
					 the following types of insurance: commercial fire; commercial allied lines;
					 farm and ranch owners; residential property insurance; commercial multiple
					 peril (nonliability portion); private passenger automobile no fault (personal
					 injury protection (PIP)); other private passenger automobile liability, private
					 passenger automobile physical damage; commercial automobile no fault (PIP),
					 other commercial automobile liability, or commercial automobile physical
					 damage.
(b) No later than 90 days
					 following the end of a calendar year in which an association surcharge was in
					 effect, the association must provide the department with an annual premium
					 surcharge report for the calendar year.
(c) No later than 90 days following the end
					 of a calendar year in which a contingent surcharge was in effect, each insurer
					 must provide the association with an annual premium surcharge report for the
					 calendar year unless contingent surcharges were in effect for less than 45 days
					 within the calendar year.
(d)
					 Annual premium surcharge reports must provide information for each insurance
					 company writing property or casualty insurance in the State of Texas, including
					 affiliated surplus lines insurers, and affiliated insurers not authorized to
					 engage in the business of insurance that issued independently procured
					 insurance policies covering insured property in the State of Texas.
(e) Annual premium surcharge reports must
					 provide information for the following annual statement lines of business: fire;
					 allied lines; farmowners multiple peril; homeowners multiple peril; commercial
					 multiple peril (nonliability portion); private passenger automobile no fault
					 (PIP); other private passenger automobile liability; private passenger
					 automobile physical damage; commercial automobile no fault (PIP); other
					 commercial automobile liability; or commercial automobile physical damage for
					 which the insurer reported premium for the applicable calendar year.
(f) Annual premium surcharge reports must
					 provide the following information:
(1) the
					 name and contact information of the individual responsible for submitting the
					 report;
(2) the five-digit NAIC
					 number of the insurance company;
(3) the name of the insurance
					 company;
(4) for policies with
					 effective dates, or multiyear policies with anniversary dates, within the
					 calendar year, separately for each surcharge period in effect during the
					 calendar year, and within each surcharge period in effect during the calendar
					 year for all applicable lines of business:
(A) for all policies subject to a premium
					 surcharge:
(i) the total written premium
					 attributable to insured property located in the catastrophe area; and
(ii) the total written premium attributable
					 to insured property located outside the catastrophe area; and
(B) the total written premium for
					 policies not subject to a premium surcharge because the policyholder had no
					 insured property located in the catastrophe area;
(5) for policies effective in portions of the
					 calendar year when no surcharge period was in effect, or in the case of
					 multiyear policies with an anniversary date in portions of the calendar year
					 when no surcharge was in effect, the total written premium;
(6) the total amount of premium surcharges
					 collected during the applicable calendar year; and
(7) the total amount of premium surcharges
					 remitted to the association during the applicable calendar year.