28 Tex. Admin. Code § 6.401 - Annual Report
(a) The department
adopts, by reference, the Texas Captive Annual Report, including all forms,
instructions, and requirements. The adopted forms and instructions will be
available on the department's website. The adopted forms, instructions, and
requirements are for use by all captive insurance companies that are subject to
the provisions of this chapter and Insurance Code Chapter 964. Bracketed
information in the forms, including the department submission locations,
submission formats and methods, and contact information, is subject to change
and persons submitting the forms must confirm that they are using the most
recent online version before submitting.
(b) Except as provided in §
6.404 of this title, on or before
March 1 of each year, a captive insurance company must electronically submit
its annual report of the captive insurance company's financial condition as of
December 31 of the prior year using the adopted Texas Captive Annual Report
form and instructions.
(c) A
request to waive the actuarial opinion required to be filed with the annual
report must be submitted to the department no later than 30 days prior to the
end of the fiscal year subject to the waiver request. If approved, the approved
actuarial opinion waiver must be submitted with the Texas Captive Annual
Report. The request must include:
(1) the
name of the captive insurance company;
(2) the name and contact information of a
representative of the captive insurance company with knowledge of the
information disclosed in the request;
(3) the time period that the captive
insurance company has been in operation;
(4) the amount of net written premium or
reinsurance assumed; and
(5) the
signature of an officer of the captive insurance company, or attorney in fact,
certifying the information contained in the request is true and correct to the
best of the signing individual's knowledge and belief.
Notes
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