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Texas Statutes (Last Updated: January 4, 2014) |
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INSURANCE CODE |
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Title 10. PROPERTY AND CASUALTY INSURANCE |
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Subtitle H. RATEMAKING IN GENERAL |
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Chapter 2252. RATE ADMINISTRATION |
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Subchapter C. LOSS AND EXPENSE EXPERIENCE |
Sec. 2252.101. RECORDING AND REPORTING OF LOSS AND EXPENSE EXPERIENCE AND OTHER DATA
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(a) The commissioner shall adopt reasonable rules and statistical plans for the recording and reporting of loss experience and other required data by insurers. The rules and plans must ensure that each insurer's total loss and expense experience is made available at least as frequently as biennially in the form and with the detail necessary to aid in determining whether rating plans comply with the standards provided by this chapter, Chapter 1901, Chapter 2251, or Subchapter B, Chapter 5.
(b) In adopting the rules and statistical plans, the commissioner shall have due regard for:
(1) the rating plans used under this chapter, Chapter 1901, Chapter 2251, or Subchapter B, Chapter 5; and
(2) the rules and forms of plans used in other states to ensure that the rules and plans are as uniform as is practicable.
(c) Each insurer shall use the statistical plans adopted under this section to record and report loss experience and other required data in accordance with the rules adopted by the commissioner.
(d) The commissioner may designate other agencies to gather and compile the loss experience and other data.
(e) The commissioner may adopt modifications to statistical plans adopted under this section.