Texas Insurance Code - Not Codified - Article 5.05. Reports On Experience
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Art. 5.05. REPORTS ON EXPERIENCE. (a) Recording and
Reporting of Loss Experience and Other Data. The Board shall, after
due consideration, promulgate reasonable rules and statistical
plans, which may be modified from time to time and which shall be
used thereafter by each insurer in the recording and reporting of
its loss experience and such other data as may be required, in order
that the total loss and expense experience of all insurers may be
made available at least annually in such form and detail as may be
necessary to aid in determining whether rates and rating systems in
use under this subchapter comply with the standards adopted under
this subchapter. In promulgating such rules, the Board shall
provide that rules be as uniform as is practicable to the rules and
to the form of the statistical plans used in other states.
(b) Interchange of Rating Plan Data. Reasonable rules may
be promulgated by the Board after due consideration to allow the
interchange of loss experience information as necessary for the
application of rating plans.
(c) Consultation with other States. In order to further
uniform administration of rating laws, the Board and every insurer
and rating organization may exchange information and experience
data with insurance supervisory officials, insurers and rating
organizations in other states and may consult and cooperate with
them with respect to rate-making and the application of rating
systems.
(d) The Board is hereby authorized and empowered to require
sworn statements from any insurer affected by this article, showing
its experience on any classification or classifications of risks
and such other information which may be necessary or helpful in
performing duties or authority imposed by law. The Board shall
prescribe the necessary forms for such statements and reports,
having due regard to the rules, methods and forms in use in other
states for similar purposes in order that uniformity of statistics
may not be disturbed.
Acts 1951, 52nd Leg., ch. 491. Amended by Acts 1953, 53rd Leg., p.
64, ch. 50, Sec. 4.
Amended by Acts 1991, 72nd Leg., ch. 242, Sec. 2.06, eff. Sept. 1,
1991.
Article: 5.01-1 5.01-3 5.02 5.03 5.03-1 5.04 5.04-1 5.05 5.06 5.06-1 5.06-2 5.06-3 5.06-4 5.06-5 5.06-6
Last modified: August 11, 2007
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