Texas Insurance Code Title 6, Chapter 830 - Own Risk And Solvency Assessment

• Texas Section 830.001 - Applicability And Purpose
  (a) This chapter applies to each domestic insurer unless exempt under Section 830.006. (b) The purpose of this chapter is to provide the requirements for...
• Texas Section 830.002 - Definitions
  In this chapter: (1) "Guidance manual" means the version of the Own Risk and Solvency Assessment Guidance Manual developed and adopted by the National Association...
• Texas Section 830.003 - Risk Management Framework
  An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting on the insurer's material and relevant...
• Texas Section 830.004 - Own Risk And Solvency Assessment Requirement
  (a) Subject to Section 830.006, an insurer, or the insurance group of which the insurer is a member, shall regularly conduct, consistent with a process...
• Texas Section 830.005 - Summary Report Required
  (a) On the commissioner's request, an insurer shall submit to the commissioner a summary report or a combination of reports that together contain the information...
• Texas Section 830.006 - Exemption
  (a) An insurer is exempt from the requirements of this chapter if: (1) the insurer has annual direct written and unaffiliated assumed premium, including international...
• Texas Section 830.007 - Contents Of Summary Report
  (a) An insurer shall prepare a summary report in accordance with the guidance manual and subject to the requirements of Subsection (b). An insurer shall...
• Texas Section 830.008 - Confidentiality
  (a) Documents, materials, or other information, including a summary report, in the possession or control of the department that is obtained by, created by, or...
• Texas Section 830.009 - Agreement Concerning Confidential And Privileged Information
  (a) The commissioner shall enter into a written agreement with the National Association of Insurance Commissioners or a third-party consultant that governs the sharing and...
• Texas Section 830.010 - Authority Of Commissioner Not Affected
  The commissioner's sharing of information and documents under this chapter does not constitute a delegation of regulatory authority or rulemaking, and the commissioner is solely...
• Texas Section 830.011 - Privilege And Confidentiality Not Waived
  A waiver of an applicable privilege or claim of confidentiality in a document, proprietary and trade-secret materials, or other own risk and solvency assessment-related information...
• Texas Section 830.012 - Administrative Penalty
  (a) An insurer that, without good cause, fails to timely file the summary report as required by this chapter commits a violation subject to an...

Last modified: September 28, 2016