28 Tex. Admin. Code § 5.9352 - Filing Requirements
(a) All credit
scoring models must be filed before they can be used. Insurers referencing
credit scoring models that have been filed with TDI by another entity on behalf
of an insurer in this state must specify the exact name of the credit scoring
model being referenced instead of filing the model itself. Insurers making
independent credit scoring model filings must file the entire model, including
definitions.
(b) An insurer that
files a credit scoring model or references a model that has been filed with TDI
by another entity on behalf of another insurer in this state must submit the
following information with the filing:
(1)
the filing transmittal information required in §
5.9310 of this title (relating to
Property and Casualty Transmittal Information and General Filing
Requirements);
(2) whether the
insurer uses the credit score for underwriting, rating, or tiering;
(3) for policies with more than one named
insured, which insured's credit score is used;
(4) how often the credit score is updated;
and
(5) a completed questionnaire,
used to verify compliance with Insurance Code Chapter 559.
(c) TDI maintains the Filings Made Easy Guide
to help insurers comply with Texas statutes and rules. Insurers may refer to
the Filings Made Easy Guide for the questionnaire described in subsection
(b)(5) of this section. Insurers may obtain this guide from TDI's website at
www.tdi.texas.gov.
(d) Filings
under this section may not be combined with any other filing type submitted
under this subchapter.
(e) All
filings for credit scoring models must relate to only one line of
insurance.
(f) An insurer must
refile a credit scoring model before the insurer may use the credit scoring
model for a line of insurance not identified in the credit scoring model's
original filing.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.