28 Tex. Admin. Code § 15.301 - Evaluation Requirements of Surplus Lines Insurance Coverage

(a) Surplus lines insurers not designated as a domestic surplus lines insurer by TDI must provide to TDI and to the stamping office information relating to the insurer's eligibility to write surplus lines insurance.

(1) For insurers domiciled in another state, this information must include documents evidencing authorization from the insurer's domiciliary jurisdiction to write the same kind and class of business that it proposes to write in Texas and documentation that the insurer has capital and surplus required by Insurance Code § 981.057. Documentation must include:

(A) insurer information, including the insurer's:

(i) full name;

(ii) physical address for its principal place of business;

(iii) mailing address;

(iv) NAIC number; and

(v) contact individual's name, phone number, and email;

(B) the state in which they are domiciled;

(C) a list of all lines and classifications of insurance business the applicant is authorized to insure or reinsure.

(2) Alien insurers listed with the NAIC's International Insurer Department are not required to submit anything under this section, but are encouraged to provide TDI with a contact person located in the United States, including the person's address and phone number, as well as information regarding the types of insurance the company anticipates writing in Texas. This information may be sent electronically to TDI.

(b) Surplus lines insurers designated as a domestic surplus lines insurer by TDI must provide to the stamping office a copy of the domestic surplus lines insurer certificate issued by TDI and documentation that the insurer has capital and surplus required by Insurance Code § 981.057.

Notes

28 Tex. Admin. Code § 15.301

Adopted by Texas Register, Volume 43, Number 51, December 21, 2018, TexReg 8474, eff. 12/30/2018