28 Tex. Admin. Code § 3.5701 - Statistical Data
(a) Insurers writing
credit life insurance and accident and health insurance in Texas must keep
statistical data for a period of no less than five years to enable the
Commissioner to determine whether rates are reasonable in relation to the
benefits afforded by the various policy contracts together with appropriate
expenses. Each such insurer must retain the statistical data relevant to their
credit insurance business and provide it to the Commissioner upon request in a
format specified by the Commissioner.
(b) The retention of data required by
subsection (a) of this section does not replace other annual reports of credit
insurance experience. That data is separate and distinct from the NAIC annual
statement and from the deviation request permitted by §
3.5601 of this title (relating to
Deviation by Case Allowed) and is not used in any manner to determine the
financial condition of the company.
(c) Copies of all calculations, work papers,
and other data used in documenting the credit insurance experience must also be
maintained for no less than five years at the home office of the company and be
available for examination by the Commissioner.
Notes
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