SECTION 15.110. Contract File

Each surplus lines agent must maintain a contract file containing a complete and true record for each individual surplus lines contract including the items described under Insurance Code §981.215(a) and the following, as applicable:

(1) a copy of the daily report or other evidence of insurance;

(2) amount of insurance and perils insured against;

(3) brief general description of the property insured and its location, including ZIP code;

(4) gross premium;

(5) name and mailing address of the insured;

(6) name and home office address of the insurer, underwriting syndicate or other risk-bearing entity;

(7) record of losses or claims filed and payments made;

(8) a true and correct copy of the insurance policy, contract, and other detailed evidences of coverage, as issued to the insured;

(9) all correspondence relating to the specific insurance coverage of that contract file;

(10) support for exempt commercial purchaser status complying with Insurance Code §981.215(a)(12)(A) and §15.111 of this title; and

(11) support for the industrial insured status complying with Insurance Code §981.215(a)(12)(B) and §15.112 of this title.

Source Note: The provisions of this §15.110 adopted to be effective December 30, 2018, 43 TexReg 8455