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Texas Insurance Code - INS § 551.006. Report Required

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) An insurer shall provide to the department at least once each quarter a written report summarizing the insurer's reasons for declination, cancellation, or nonrenewal provided to applicants for insurance or policyholders as required by this chapter.  The report must be:

(1) in the form and manner prescribed by the commissioner;  and

(2) except as provided by Subsection (c), organized by the zip codes of the applicants and policyholders, as applicable, that received the statement.

(b) The department shall post an aggregated summary of the reports provided under this section on the department's Internet website.  The aggregated summary:

(1) except as provided by Subsection (c), must be organized by the zip codes of the applicants and policyholders, as applicable;  and

(2) may not identify, directly or indirectly, any insurer.

(c) A report under this section summarizing reasons for declination, cancellation, or nonrenewal provided to applicants for or policyholders of workers' compensation insurance policies must be a statewide report and not organized by the zip codes of the applicants or policyholders.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 551.006. Report Required - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-551-006/

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