28 Tex. Admin. Code § 5.9335 - Requests for Information
(a) When
reviewing each filing under this division, TDI may request additional
supplementary rating information and supporting information.
(b) To be considered fully responsive to a
request for information, an insurer's responses must:
(1) fully address all of the requests and
questions in a manner that is clear and in sufficient detail to allow a
qualified actuary to understand and evaluate the material and any explanations
provided;
(2) contain appropriate
supporting data and calculations, including material assumptions, with
sufficient narrative to clearly explain the methodology used, the nature and
source of the data, and any conclusions drawn; and
(3) provide an explanation of any apparent
anomalies in the data and how the insurer mitigated or accounted for them in
arriving at the proposed rates and rules.
(c) TDI may request that an insurer file a
comprehensive set of rates, rating manuals, rules, fees, and all other
supplementary rating information when filing a revision to previously filed
rates, rating manuals, rules, fees, and all other supplementary rating
information.
(d) For each filing
under Insurance Code Chapter 2251, TDI may request additional supplementary
rating information and supporting information five times each. The insurer must
respond by the date specified in the request. Correspondence requesting
information that should have been included in the response, or clarifications
of the information included in the response, will not constitute a new request
for information.
(e) Requests that
are necessary to make the filing complete are not a request for information
under subsection (d) of this section. Examples of this type of request include:
(1) requests for information required by §
5.9310 of this title (relating to
Property and Casualty Transmittal Information and General Filing
Requirements);
(2) requests for
information required by §
5.9334 of this title (relating to
Requirements for Rate and Rule Filing Submissions); and
(3) requests arising from discrepancies in
the filing.
Notes
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