Texas Register, Volume 18, Number 90, Part I, Pages 8827-8870, December 3, 1993 Page: 8,858
8827-8870 p. ; 28 cm.View a full description of this periodical.
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mium insurers; group hospital service cor-
porations; fire insurers; fire and marine
insurers; general casualty insurers; fire and
casualty insurers; mutual insurers other than
life; county mutual insurers; Lloyd's plans;
reciprocal and inter-insurance exchanges;
domestic risk retention groups; domestic
joint underwriting associations; title insur-
ers; fraternal benefit societies; local mutual
aid associations; statewide mutual assess-
ment companies; mutual burial associations;
exempt associations; farm mutual insurers;
health maintenance organizations; and non-
profit legal services corporations. The com-
missioner of insurance adopts by reference
the 1993 annual and 1994 quarterly state-
ment blanks, instruction manuals, and other
reporting forms specified in this section
The annual and quarterly statement blanks
and other reporting forms are available from
the Texas Department of Insurance, Finan-
cial Analysis, Mail Code 303-1A, P. O. Box
149099, Austin., Texas 78714-9099 Insur-
ers and other regulated entities shall prop-
erly report to the Texas Department of
Insurance and the National Association of
Insurance Commissioners (NAIC), using
the appropriate annual and quarterly state-
ment blanks, other reporting forms and
machine-readable diskettes and following
the applicable instructions as outlined in
subsections (c)-(l) of this section.
(b) Definitions The following
words and terms, when used in this section,
shall have the following meanings, unless
the context clearly indicates otherwise.
(1) Association edition-Blanks
and forms promulgated by the National As-
sociation of Insurance Commissioners
(2) Commissioner-The commis-
sioner of insurance appointed under the In-
surance Code. Article 1 09.
(3) Department-The Texas De-
partment of Insurance
(4) Insurer-A person or business
entity legally organized in and authorized
by its domiciliary jurisdiction to do the
business of insurance.
(5) NAIC-The National Associ-
ation of Insurance Commissioners
(6) Texas edition-Blanks and
forms promulgated by the commissioner of
insurance
(c) Filing requirements for life, ac-
cident and health insurers Each life, life
and accident, life and health, accident and
health, mutual life, or hfe, accident and
health insurance company, stipulated pre-
mium insurance company, and group hospi-
tal services corporation shall complete and
file the following blanks, forms, and disk-
ettes for the 1993 calendar year and the first
three quarters of the 1994 calendar year
The forms, reports and diskettes identified
in paragraphs (1)(A)-(G), (2)(A)-(D), and
18 TexReg 8858 December 3, 1993(3)(A)-(D) of this subsection shall be com-
pleted in accordance with the current NAIC
Accounting Practicc. and Procedures Man-
ual for Life. Accident and Health Insurance
Companies, and the current NAIC Annual
Statement instructions, Life, Accident and
Health, except as otherwise provided by
this section. The diskettes identified in para-
graphs (3)(C) and (D) shall be completed in
accordance with the current NAIC Annual
Statement Diskette Filing Specifications-
Life/Health. Since Texas domestic compa-
nies have historically not been required to
establish a Mandatory Securities Valuation
Reserve (MSVR), they are not required at
the present time to establish an Asset Valu-
ation Reserve (AVR) or Interest Mainte-
nance Reserve (IMR) unless the company is
licensed in a state that requires an AVR or
IMR. in which case the reserve must be
calculated in accordance with the instruc-
tions established by the NAIC. Goodwill
shall not be allowed as an admitted asset of
an insurer or an insurer's insurance subsid-
iaries on any filing with the department or
the NAIC by Texas domestic insurers or on
any filing with the department by insurers
domiciled outside the State of Texas. In the
event of a conflict between the Insurance
Code, any currently existing department
rule, form or instruction, or any specific
requirement of this subsection and the
NAIC manuals listed in this subsection,
then and in that event, the Insurance Code,
the department's promulgated rule, form or
instruction, or the specific requirement of
this subsection shall take precedence and in
all respects control. It is the express intent
of this subsection that it shall not repeal or
otherwise modify or amend any department
rule or the Insurance Code
(1) Reports to be filed with the
department and the NAIC include the fol-
lowing
(A) Annual Statement (asso-
ciation edition. Form 1, Form lA, or Form
11), either the 12 inch by 19 inch size, 11
inch by 17 inch size, or 9 inch by 14 inch
size, to be filed on or before March 1, 1994
(stipulated premium insurance companies.
April 1, 1994);
(B) Annual Statement of the
Separate Accounts (association edition,
Form 1-S) (required of compaiues maintain-
ing separate accounts), either the 12 inch by
19 inch size, 11 inch by 17 inch size. or 9
inch by 14 inch size, to be filed on or
before March 1, 1994 (stipulated premium
insurance companies. April 1, 1994),
(C) Long-Term Care Insur-
ance Exhibit (association edition) (required
of companies writing long-term care busi-
ness), either the 12 inch by 19 inch size, 11
inch by 17 inch size, or 9 inch by 14 inchsize, to be filed on or before March 1, 1994
(stipulated premium insurance companies,
April 1, 1994), in addition to the Long-
Term Care Experience Reporting Form in-
cluded in the annual statement required by
paragraph (1)(A) of this subsection;
(D) Schedule DS (associa-
tion edition) (required of companies that
have included equity in the undistributed
income of consolidated subsidiaries in its
net gain/(loss) from operations), either the
12 inch by 19 inch size, 11 inch by 17 inch
size, or 9 inch by 14 inch size. to be filed
on or before March 1, 1994 (stipulated pre-
mium insurance companies. April 1. 1994);
(E) Interest Sensitive Life In-
surance Products Report (association edi-
tion) (required of companies writing interest
sensitive products), either the 12 inch by 19
inch size, 11 inch by 17 inch size, or 9 inch
by 14 inch size, to be filed on or before
April 1, 1994 (stipulated premium insurance
companies. April 1, 1994),
(F) Life. Health and Annuity
Guaranty Association Model Act Assess-
ment Base Reconciliation Exhibit (associa-
tion edition). 8 1/2 inch by 14 inch size, to
be filed on or before June 30, 1994, and
(G) Life and Accident and
Health Quarterly Statement (association edi-
tion) (required of companies fling Form 1).
either the 12 inch by 19 inch size, 11 inch
by 17 inch size, or 9 inch by 14 inch size,
to be filed on or before May 15, August 15.
and November 15, 1994. However, a Texas
stipulated premium company, unless specif-
ically requested to do so by the department,
is not required to file quarterly statements
with the department or the NAIC if it meets
all three of the following conditions:
(i) it is authorized to
write only hfe insurance on its Certificate of
Authority,
(ii) it collected premiums
in the prior calendar year of less than $1
million, and
(ill) it had a profit from
operations in the prior two calendar years
(2) Reports to be filed only with
the department.
(A) Management's Discus-
sion and Analysis (prepared pursuant to the
NAIC Annual Statement Invtructuonv. Lift'.
Accident and Health), to be filed on or
before March 1, 1994 (stipulated premiun.
insurance companies. April 1, 1994),
(B) Schedule SIS, Stock-
holder Information Supplement (associationTexas Register +
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Texas. Secretary of State. Texas Register, Volume 18, Number 90, Part I, Pages 8827-8870, December 3, 1993, periodical, December 3, 1993; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth181910/m1/32/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.