SECTION 5.604. Reporting Requirements for Insurers Using the Database Program

(a) Unless an insurer provides the department notice of its election to be a web services insurer under §5.606(b) of this subchapter (relating to Requirements for Insurers Using the Web Services Program), each insurer shall participate in the database program for the event based and ongoing verification processes.

(b) Except as required in §5.606 and §5.609 of this subchapter (relating to Delegation and New Insurers) each database insurer must begin compliance with this section and §5.605 of this subchapter (relating to Data Error Correction Requirements for Insurers Using the Database Program) beginning not earlier than January 1, 2007 and not later than June 30, 2007.

(c) Each database insurer shall submit weekly data on all of the insurer's personal automobile insurance policies in force in Texas. The data shall specify the following for each policy, policyholder, listed driver, and vehicle covered, and as necessary each policy, policyholder, listed driver, and vehicle combination:

(1) company identifying information;

(2) policy identifying information, including applicable coverage dates;

(3) vehicle identifying information;

(4) policyholder and/or listed driver identifying information; and

(5) an insurer defined data field for insurer use.

(d) The weekly submission date and time shall be specified by the vendor and shall be approximately seven calendar days apart.

(e) The department and vendor will develop specific database program reporting procedures for insurers with less than 1,000 issued and outstanding personal automobile insurance policies.

Source Note: The provisions of this §5.604 adopted to be effective December 5, 2006, 31 TexReg 9730