Current through Reg. 50, No. 13; March 28, 2025
(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.
(2) Domestic
insurer reports and forms to be filed in paper copy only with the department:
(A) Schedule SIS and Stockholder Information
Supplement, due on or before March 1, 2007. This filing is also required if
filing a Health Annual Statement, as applicable;
(B) Supplemental Compensation Exhibit, due on
or before March 1, 2007 (stipulated premium insurance companies, April 1,
2007). This filing is also required if filing a Health Annual Statement, as
applicable;
(C) The Texas Health
Insurance Risk Pool shall file the 2006 Health Annual Statement and 2006
Quarterly Statements as follows:
(i) 2006
Health Annual Statement with only pages 1 - 6, and Schedule E Part 1, Part 2,
and Part 3 to be completed and filed on or before March 1, 2006;
(ii) 2006 Health Quarterly Statements, with
only pages 1 - 6, Schedule E, Part 1-Cash, and Part 2-Cash Equivalents to be
completed and filed on or before May 15, August 15, and November 15, 2006;
and
(iii) The Texas Health
Insurance Risk Pool is not required to file any reports, diskettes, or
electronic data filings with the NAIC.
(D) Texas Overhead Assessment Exemption Form
(Texas Edition), due on or before March 1, 2007 (stipulated premium insurance
companies, April 1, 2007). This form is to be filed only by domestic insurance
companies that have qualified pension contracts under the Insurance Code
Article 1.16(b) (revised as §451.151 effective April 1, 2007); otherwise,
this form should not be filed;
(E)
Analysis of Surplus (Texas Edition) for life, accident and health insurers, due
on or before March 1, 2007 (stipulated premium insurance companies, April 1,
2007).
(3) Foreign
companies filing only electronically with the NAIC and not filing a paper copy
with the department shall file a signed jurat page with the department in lieu
of filing the entire paper filing.
(4) Electronic filings with the NAIC by
domestic and foreign insurers:
(A) Annual
statement electronic filing and PDF filing, due on or before March 1, 2007
(stipulated premium insurance companies, April 1, 2007);
(B) Separate accounts electronic filing and
PDF filing, due on or before March 1, 2007;
(C) Quarterly statement electronic filing and
PDF filing, 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 electronic 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) All annual and quarterly supplemental
electronic filings together with the related PDF filings (except for Schedule
SIS and Supplemental Compensation Exhibit which are filed by domestic insurers
only with the department in paper copy) due on the dates specified in the forms
and instructions.
(5)
Statement of Actuarial Opinion required by paragraph (1)(H) of this subsection
shall be prepared in accordance with the following:
(A) Unless exempted, the Statement of
Actuarial Opinion, attached to either the 2006 Life, Accident and Health Annual
Statement or the 2006 Health Annual Statement, should follow the applicable
provisions of §§
3.1601-
3.1608 of this title (relating to
Actuarial Opinion and Memorandum Regulation).
(B) For those companies exempted from
§§
3.1601-
3.1608 of this title, instructions
1 - 12, established by the NAIC, must be followed.
(C) Any company required by §
3.4505(b)(3)(I)
of this title (relating to General Calculation Requirements for Basic Reserves
and Premium Deficiency Reserves) to opine on the application of X factors,
shall attach this opinion to the 2006 Life, Accident and Health Annual
Statement or the 2006 Health Annual Statement, as applicable.
(6) The commissioner reserves the
right to request paper copies of any paper or electronic filings made by
foreign companies in their state of domicile or the NAIC.
(7) A foreign insurer that is classified as a
commercially domiciled insurer under the Insurance Code §
823.004 shall file an
Analysis of Surplus (Texas Edition) for life, accident and health insurers with
the department, on or before March 1, 2007.
(e) Requirements for property and casualty
insurers. Each fire, fire and marine, general casualty, fire and casualty, or
U.S. branch of an alien insurer, county mutual insurance company, mutual
insurance company other than life, Lloyd's plan, reciprocal or inter insurance
exchange, domestic risk retention group, life insurance company that is
licensed to write workers' compensation, any farm mutual insurance company that
filed a property and casualty annual statement for the 2005 calendar year or
had gross written premiums in 2006 in excess of $5 million, any Mexican
casualty insurance company licensed under Insurance Code Chapter 984, domestic
joint underwriting association, the Texas Mutual Insurance Company, the Texas
Windstorm Insurance Association, and the Texas FAIR Plan Association shall
complete and file the following blanks, forms, and diskettes or electronic data
filings as described in this subsection. The forms and reports identified in
this subsection shall be completed in accordance with the "2006 Annual
Statement Instructions, Property and Casualty." The electronic filings with the
NAIC shall be in accordance with the NAIC data specifications and instructions
and shall include PDF format filing, as applicable. 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 Property and Casualty Annual
Statement, due on or before March 1, 2007;
(B) 2006 Property and Casualty Quarterly
Statements, due on or before May 15, August 15, and November 15,
2006;
(C) 2006 Combined
Property/Casualty Annual Statement, due on or before May 1, 2007. This
statement is required only for those affiliated insurers that wrote more than
$35 million in direct premiums as a group in calendar year 2006, as disclosed
in Schedule T of the Annual Statement(s); and
(D) 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.
(E) The
actuarial opinion submitted shall be prepared in accordance with the "2006
Annual Statement Instructions, Property and Casualty."
(2) Domestic insurer reports and forms to be
filed in paper copy only with the department:
(A) Schedule SIS and the Stockholder
Information Supplement, due on or before March 1, 2007;
(B) Supplemental Compensation Exhibit, due on
or before March 1, 2007;
(C) Texas
Overhead Assessment Exemption Form (Texas Edition), due on or before March 1,
2007. This form is to be filed only by domestic insurance companies that have
qualified pension contracts under the Insurance Code Article 1.16(b) (revised
as §401.151 effective April 1, 2007); otherwise, this form should not be
filed;
(D) Supplement for County
Mutuals (Texas Edition) (required of Texas county mutual companies only), due
on or before March 1, 2007;
(E)
Texas Supplemental A for county mutuals (Texas Edition) (required of Texas
county mutual companies only), due on or before March 1, 2007;
(F) Analysis of Surplus (Texas Edition) for
property and casualty insurers except Texas county mutual companies, due on or
before March 1, 2007; and
(G)
Actuarial Opinion Summary prepared in accordance with §
7.9 of this title (relating to
Examination of Actuarial Opinion for Property and Casualty Insurers).
(H) The Texas Windstorm Insurance Association
shall complete and file the following:
(i)
2006 Property and Casualty Annual Statement, due on or before March 1,
2007;
(ii) 2006 Property and
Casualty Quarterly Statements, due on or before May 15, August 15, and November
15, 2006; and
(iii) Management's
Discussion and Analysis, due on or before April 1, 2007.
(iv) The Texas Windstorm Insurance
Association is not required to file any reports with the NAIC.
(I) The Texas FAIR Plan
Association shall complete and file the following:
(i) 2006 Property and Casualty Annual
Statement, due on or before March 1, 2007;
(ii) 2006 Property and Casualty Quarterly
Statements, due on or before May 15, August 15, and November 15,
2006;
(iii) Statement of Actuarial
Opinion, due on or before March 1, 2007;
(iv) Actuarial Opinion Summary prepared in
accordance with §
7.9 of this title; and
(v) Management's Discussion and Analysis, due
on or before April 1, 2007.
(vi)
The Texas FAIR Plan Association is not required to file any reports with the
NAIC.
(3)
Foreign property and casualty insurers filing only electronically with the NAIC
and not filing a paper copy with the department shall file a signed jurat page
with the department in lieu of filing the entire paper filing.
(4) Electronic filings by domestic and
foreign insurers to be filed with the NAIC:
(A) Annual statement electronic filing and
PDF filing, due on or before March 1, 2007;
(B) Quarterly statement electronic filing and
PDF filing, due on or before May 15, August 15, and November 15,
2006;
(C) All annual and quarterly
supplemental electronic filings together with the related PDF filings (except
for electronic Schedule SIS and Supplemental Compensation Exhibit, required of
domestic insurers only) due on the dates specified in the forms and
instructions;
(D) Electronic
combined insurance exhibit, due on or before May 1, 2007;
(E) Combined annual statement electronic
filing and PDF filing, due on or before May 1, 2007.
(5) The commissioner reserves the right to
request paper copies of any paper or electronic filings made by foreign
companies in their state of domicile or the NAIC.
(6) A foreign insurer that files an
application with the department for approval of a policyholder dividend shall
file an Analysis of Surplus (Texas Edition) for property and casualty insurers
with the application.
(7) A foreign
insurer that is classified as a commercially domiciled insurer under the
Insurance Code §
823.004 shall file an
Analysis of Surplus (Texas Edition) for property and casualty insurers with the
department, on or before March 1, 2007.
(f) Requirements for fraternal benefit
societies. Each fraternal benefit society shall complete and file the following
blanks, forms, and electronic data filings for the 2006 calendar year and the
three quarters for the 2006 calendar year. The forms and reports identified in
this subsection shall be completed in accordance with the "2006 Annual
Statement Instructions, Fraternal." The electronic data filings with the NAIC
shall be in accordance with the NAIC data specifications and instructions 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 Fraternal Annual
Statement, including the printed investment schedule detail, due on or before
March 1, 2007;
(B) 2006 Fraternal
Annual Statement of the Separate Accounts (required of companies maintaining
separate accounts), due on or before March 1, 2007;
(C) 2006 Fraternal Quarterly Statements, due
on or before May 15, August 15, and November 15, 2006;
(D) All the paper copies of the annual and
quarterly supplements prepared and filed on dates specified in the forms and
instructions. The Supplemental Compensation Exhibit is filed only with the
department by domestic insurers.
(2) Domestic insurer paper copy reports and
forms to be filed only with the department:
(A) Supplemental Compensation Exhibit, due on
or before March 1, 2007;
(B) Texas
Assessment Exemption Form (Texas Edition), due on or before March 1, 2007. This
form is to be filed only by domestic insurance companies that have qualified
pension contracts under the Insurance Code Article 1.16(b) (revised as
§401.151 effective April 1, 2007); otherwise, this form should not be
filed; and
(C) Analysis of Surplus
(Texas Edition) for fraternal benefit societies, due on or before March 1,
2007.
(3) Foreign
fraternal insurers filing only electronically with the NAIC and not filing a
paper copy with the department shall file a signed jurat page with the
department in lieu of filing the entire paper filing.
(4) Electronic filings by domestic and
foreign insurers to be filed with the NAIC:
(A) Annual statement electronic filing and
PDF filing, due on or before March 1, 2007;
(B) Separate accounts electronic filing and
PDF filing, due on or before March 1, 2007;
(C) Quarterly statement electronic filing and
PDF filing, due on or before May 15, August 15, and November 15, 2006;
and
(D) All annual and quarterly
supplemental electronic filings together with the related PDF filings (except
for the Supplemental Compensation Exhibit) due on the dates specified in the
forms.
(5) The
commissioner reserves the right to request paper copies of any paper or
electronic filings made by foreign companies in their state of domicile or the
NAIC.
(6) A foreign insurer that is
classified as a commercially domiciled insurer under the Insurance Code §
823.004 shall file an
Analysis of Surplus (Texas Edition) for fraternal benefit societies with the
department on or before March 1, 2007.
(g) Requirements for title insurers. Each
title insurance company shall complete and file the following blanks and forms
for the 2006 calendar year and the three quarters of the 2006 calendar year.
The reports and forms identified in this subsection shall be completed in
accordance with the "2006 Annual Statement Instructions, Title." The electronic
version of the filings with the NAIC identified in this subsection shall be in
accordance with the NAIC data specifications and instructions 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 Title Annual Statement, including
printed investment schedule details, due on or before March 1, 2007;
(B) 2006 Title Quarterly Statements, due on
or before May 15, August 15, and November 15, 2006;
(C) All the paper copies of the annual and
quarterly supplements prepared and filed on dates described in the forms and
instructions. The Schedule SIS and the Supplemental Compensation Exhibit are
filed only with the department.
(D)
Management's Discussion and Analysis, due on or before April 1, 2007;
and
(E) Statement of Actuarial
Opinion, due on or before March 1, 2007.
(2) Domestic insurer paper copy filings and
reports to be filed only with the department:
(A) Supplemental Compensation Exhibit, due on
or before March 1, 2007;
(B)
Schedule SIS and Stockholder Information Supplement, due on or before March 1,
2007;
(C) Texas Overhead Assessment
Form (Texas Edition), due on or before March 1, 2007. This form is to be filed
only by domestic insurance companies that have qualified pension contracts
under the Insurance Code Article 1.16(b) (revised as §401.151 effective
April 1, 2007); otherwise, this form should not be filed; and
(D) Analysis of Surplus (Texas Edition) for
title companies, due on or before March 1, 2007.
(3) Foreign companies filing electronically
with the NAIC and not filing paper copy with the department shall file a signed
jurat page with the department in lieu of filing the entire paper
filing.
(4) Electronic filings with
the NAIC by domestic and foreign insurers:
(A) Annual statement electronic filing and
PDF filing, due on or before March 1, 2007;
(B) Quarterly statements electronic filing
and PDF filing, due on or before May 15, August 15, and November 15,
2006;
(C) All annual and quarterly
supplemental electronic filings together with the related PDF filings (except
for Schedule SIS and Supplemental Compensation Exhibit which are only filed by
domestic insurers with the department in paper copy) due on the dates specified
in the forms and instructions;
(D)
Management Discussion and Analysis, due on or before April 1, 2007;
and
(E) Statement of Actuarial
Opinion, due on or before March 1, 2007.
(5) The commissioner reserves the right to
request paper copies of any paper or electronic filings made by foreign
companies in their state of domicile or the NAIC.
(6) A foreign insurer that is classified as a
commercially domiciled insurer under the Insurance Code §
823.004 shall file an
Analysis of Surplus (Texas Edition) for title insurers on or before March 1,
2007.
(h) Requirements
for health maintenance organizations. Each health maintenance organization
licensed pursuant to the Insurance Code Chapter 843 shall complete the 2006
Health Annual Statement and the 2006 Quarterly Statements. Insurers that are
subject to life insurance statutes and are permitted or allowed to do the
business of health maintenance organizations shall file the Texas HMO
supplement form as part of their annual and quarterly statement filings. The
forms and reports required in this subsection shall be completed in accordance
with the "2006 Annual Statement Instructions, Health." The Texas supplemental
forms required in this subsection and provided by the department shall be
completed in accordance with the instructions on the forms. The Statement of
Actuarial Opinion shall include the additional requirements of the department
set forth in paragraph (1)(D) of this subsection. The electronic data filings
with the NAIC shall be in accordance with NAIC data specifications and
instructions and shall include PDF format filing. The Texas specific electronic
filings regarding HMO data requested by the department shall be filed in
accordance with the instructions provided by the department. The filings for
insurers described in this subsection are as follows:
(1) Domestic and foreign insurer reports and
forms in paper copy to be filed with the department and the NAIC:
(A) 2006 Health Annual Statement, including
printed investment schedule detail, due on or before March 1, 2007;
(B) 2006 Health Quarterly Statements, due on
or before May 15, August 15, and November 15, 2006. With each quarterly filing,
include a completed copy of Schedule E-part 3-Special Deposits, from the 2006
Health Annual Statement;
(C)
Management's Discussion and Analysis, due on or before April 1, 2007;
and
(D) Statement of Actuarial
Opinion, due on or before March 1, 2007. In addition to the requirements set
forth in the "2006 Annual Statement Instructions, Health," the department
requires that the actuarial opinion include the following:
(i) The Statement of Actuarial Opinion must
include assurance that an actuarial report and underlying actuarial work papers
supporting the actuarial opinion will be maintained at the company and
available for examination for seven years. The foregoing must be available by
May 1 of the year following the year-end for which the opinion was rendered or
within two weeks after a request from the commissioner. The suggested wording
used will depend on whether the actuary is employed by the company or is a
consulting actuary. The wording for an actuary employed by the company should
be similar to the following: "An actuarial report and any underlying actuarial
work papers supporting the findings expressed in this Statement of Actuarial
Opinion will be retained for a period of seven years in the administrative
offices of the company and available for regulatory examination." The wording
for a consulting actuary retained by the company should be similar to the
following: "An actuarial report and any underlying actuarial work papers
supporting the findings expressed in this Statement of Actuarial Opinion have
been provided to the company to be retained for a period of seven years in the
administrative offices of the company and available for regulatory
examination."
(ii) Under the scope
paragraph requirements of section 5 of the "2006 Annual Statement Instructions,
Health," relating to the Actuarial Certification, the department requires that
the actuarial opinion specifically list the premium deficiency reserve as an
item and disclose the amount of such reserve.
(2) Domestic insurer paper copy and Texas
specific filings and reports to be filed with the department:
(A) Supplemental Compensation Exhibit, due on
or before March 1, 2007;
(B) Texas
HMO Supplement (Texas Edition), due on or before May 15, August 15, and
November 15, 2006, and March 1, 2007;
(C) Electronic filings with the department
containing annual statement data, to be completed according to the instructions
provided by the department, due on or before March 1, 2007;
(D) Electronic filings with the department
containing quarterly statement data, to be completed according to the
instructions provided by the department, due on or before May 15, August 15,
and November 15, 2006; and
(E)
Texas Overhead Assessment Exemption Form (Texas Edition), due on or before
March 1, 2007. This form is to be filed only by domestic insurance companies
that have qualified pension contracts under the Insurance Code Article 1.16(b)
(revised as §401.151 effective April 1, 2007); otherwise, this form should
not be filed.
(3)
Electronic filings with the NAIC by domestic and foreign insurers.
(A) Annual statement electronic filing, and
PDF filing, due on or before March 1, 2007;
(B) Quarterly statement electronic filing and
PDF filing, due on or before May 15, August 15, and November 15,
2006;
(C) All annual and quarterly
supplemental electronic filings together with the related PDF filings (except
for Schedule SIS and Supplemental Compensation Exhibit which are only filed by
domestic insurers with the department in paper copy) due on the dates specified
in the forms and instructions;
(D)
Statement of Actuarial Opinion, due on or before March 1, 2007; and
(E) Management Discussion and Analysis, due
on or before April 1, 2007.
(i) Requirements for farm mutual insurers not
subject to the provisions of subsection (e) of this section. Farm mutual
insurance companies not subject to subsection (e) of this section shall file
the following blanks and forms for the 2006 calendar year with the department
only, on or before March 1, 2007:
(1) Annual
Statement (Texas Edition);
(2)
Texas Overhead Assessment Exemption Form (Texas Edition). This form is to be
filed only by domestic insurance companies that have qualified pension
contracts under the Insurance Code Article 1.16(b) (revised as §401.151
effective April 1, 2007); otherwise, this form should not be filed;
and
(3) Electronic filings with the
NAIC by domestic and foreign insurers; and
(4) Statement of Actuarial Opinion, unless
exempted under §7.31 (relating to Annual Statement Instructions for Farm
Mutual Insurance Companies).
(j) Requirements for statewide mutual
assessment associations, local mutual aid associations, mutual burial
associations and exempt associations. Each statewide mutual assessment
association, local mutual aid association, mutual burial association and exempt
association shall complete and file the following blanks and forms for the 2006
calendar year with the department only, on or before April 1, 2007:
(1) Annual Statement (Texas Edition) (exempt
companies are required to complete all pages except lines 22, 23, 24, 25, and
26 on page 3, the special instructions at the bottom of page 3, and pages 4 -
7);
(2) Texas Overhead Assessment
Exemption Form (Texas Edition). This form is to be filed only by domestic
insurance companies that have qualified pension contracts under the Insurance
Code Article 1.16(b) (revised as §401.151 effective April 1, 2007);
otherwise, this form should not be filed;
(3) Release of Contributions Form (Texas
Edition);
(4) 3 1/2 % Chamberlain
Reserve Table (Reserve Valuation) (Texas Edition);
(5) Reserve Summary (1956 Chamberlain Table 3
1/2 %) (Texas Edition);
(6)
Inventory of Insurance in Force by Age of Issue or Reserving Year (Texas
Edition); and
(7) Summary of
Inventory of Insurance in Force by Age and Calculation of Net Premiums (Texas
Edition).
(k)
Requirements for nonprofit legal service corporations. Each nonprofit legal
service corporation doing business as authorized by a certificate of authority
issued under the Insurance Code Chapter 961 shall complete and file the
following blanks and forms for the 2006 calendar year with the department only.
An actuarial opinion is not required. The following forms are to be filed on or
before March 1, 2007:
(1) Annual Statement
(Texas Edition); and
(2) Texas
Overhead Assessment Exemption Form (Texas Edition). This form is to be filed
only by domestic insurance companies that have qualified pension contracts
under the Insurance Code Article 1.16(b) (revised as §401.151 effective
April 1, 2007); otherwise, this form should not be filed.
(l) Requirements for Mexican casualty
companies. Each Mexican casualty company doing business as authorized by a
certificate of authority issued under the Insurance Code Chapter 984, shall
complete and file the following blanks and forms for the 2006 calendar year
with the department only. All submissions shall be printed or typed in English
and all monetary values shall be clearly designated in United States dollars.
The form identified in paragraph (1) of this subsection shall be completed in
to the extent specified in paragraph (1) of this subsection and in accordance
with the "2006 Annual Statement Instructions, Property and Casualty." An
actuarial opinion is not required. It is the express intent of this subsection
that it shall not repeal or otherwise modify or amend any department rule or
the Insurance Code. The following blanks or forms are to be filed on or before
March 1, 2007:
(1) 2006 Property and Casualty
Annual Statement; provided, however, only pages 1 - 4, and 104 (Schedule T) are
required to be completed;
(2) A
copy of the balance sheet and the statement of profit and loss from the Mexican
financial statement (printed or typed in English);
(3) A copy of the official documents issued
by the Comision Nacional De Seguros Y Fianzas approving the 2006 annual
statement; and
(4) A copy of the
current license to operate in the Republic of Mexico.
(m) Other financial reports. Nothing in this
section prohibits the department from requiring any insurer or other regulated
entity from filing other financial reports with the department.