Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 28. INSURANCE |
PART 1. TEXAS DEPARTMENT OF INSURANCE |
CHAPTER 3. LIFE, ACCIDENT, AND HEALTH INSURANCE AND ANNUITIES |
SUBCHAPTER FF. CREDIT LIFE AND CREDIT ACCIDENT AND HEALTH INSURANCE |
DIVISION 3. FILING AND APPROVAL OF FORMS AND RATES |
SECTION 3.5201. Submission of Form and Rate Filings
Latest version.
-
(a) Every insurance company, when submitting a schedule of rates for automatic or approved deviations from the presumptive premium rate, shall identify the rates to be used with the policy form submitted for approval. The face page of every form or schedule submitted to the commissioner, shall include with its identifying form number the additional identification: "(3.53)" if the form is an individual life and/or individual accident and health form and used only within the scope of Insurance Code Chapter 1153; "(3.53 and 3.50)" if the form is a group life and/or group accident and health form and used only within the scope of Chapter 1153; "(3.53 R.A.)" or "(3.53 O.E.)" if the form is a credit life and/or credit accident and health form and is written on open-end transactions. The designations "(3.53 R.A.)" or "(3.53 O.E.)" may not be used on forms or schedules providing insurance coverage on closed-end transactions. The additional identification, as required by this subsection, will only be used on credit life and/or credit accident and health insurance written under the scope of Insurance Code, Chapter 1153. (b) All form and rate filings are to be filed in accordance with the requirements of Subchapter A of Chapter 3 of this title (relating to Submission Requirements for Filings and Departmental Actions Related to Such Filings. Source Note: The provisions of this §3.5201 adopted to be effective October 1, 1980, 5 TexReg 2772; amended to be effective June 30, 1992, 17 TexReg 4345; amended to be effective June 7, 2005, 30 TexReg 3210