SECTION 5.9352. Filing Requirements

(a) All credit scoring models must be filed before they can be used. Insurers referencing credit scoring models that have been filed with TDI by another entity on behalf of an insurer in this state must specify the exact name of the credit scoring model being referenced instead of filing the model itself. Insurers making independent credit scoring model filings must file the entire model, including definitions.

(b) An insurer that files a credit scoring model or references a model that has been filed with TDI by another entity on behalf of another insurer in this state must submit the following information with the filing:

(1) the filing transmittal information required in §5.9310 of this title (relating to Property and Casualty Transmittal Information and General Filing Requirements);

(2) whether the insurer uses the credit score for underwriting, rating, or tiering;

(3) for policies with more than one named insured, which insured's credit score is used;

(4) how often the credit score is updated; and

(5) a completed questionnaire, used to verify compliance with Insurance Code Chapter 559.

(c) TDI maintains the Filings Made Easy Guide to help insurers comply with Texas statutes and rules. Insurers may refer to the Filings Made Easy Guide for the questionnaire described in subsection (b)(5) of this section. Insurers may obtain this guide from TDI's website at www.tdi.texas.gov.

(d) Filings under this section may not be combined with any other filing type submitted under this subchapter.

(e) All filings for credit scoring models must relate to only one line of insurance.

(f) An insurer must refile a credit scoring model before the insurer may use the credit scoring model for a line of insurance not identified in the credit scoring model's original filing.

Source Note: The provisions of this §5.9352 adopted to be effective February 10, 2005, 30 TexReg 548; amended to be effective November 16, 2014, 39 TexReg 8694; amended to be effective July 28, 2019, 44 TexReg 3640