Texas Insurance Code - Not Codified - Article 5.41-3. Commercial Group Property Insurance
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Texas Laws > Insurance Code - Not Codified > Texas Insurance Code - Not Codified - Article 5.41-3. Commercial Group Property Insurance
Art. 5.41-3. COMMERCIAL GROUP PROPERTY INSURANCE.
Article repealed effective April 1, 2007
(a) An insurer may write commercial group property insurance
for a group of businesses or for an association that constitutes a
large risk as that term is described by Section 8(f), Article
5.13-2, of this code if:
(1) the members of a group of businesses have clearly
identifiable underwriting characteristics; or
(2) the members of an association are engaged in similar
undertakings.
(b) An insurer, before using a policy form for a group of
businesses or an association described by Subsection (a) of this
article in which each member of the group or association is not a
large risk as that term is described by Section 8(f), Article
5.13-2, of this code, shall file the policy form with the
commissioner. A filing made under this subsection is for
informational purposes only.
(c) An insurer, in accordance with Sections 3 through 7,
Article 5.13-2, of this code, shall file with the commissioner all
rates, supplementary rating information, and pertinent supporting
information for commercial group property insurance written under
this article in this state.
(d) An insurer filing a policy form or rates and related
information under Subsection (b) or (c) of this article shall
clearly identify the group of businesses or the association to be
insured.
Added by Acts 2003, 78th Leg., ch. 607, Sec. 1, eff. June 20, 2003.
Article: 5.37 5.38 5.39 5.40 5.41 5.41-1 5.41-2 5.41-3 5.42 5.43 5.43-1 5.43-2 5.43-3 5.45 5.46
Last modified: August 11, 2007
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