SECTION 7.1206. Forms Required for Life Insurance Companies Reinsuring Property and Casualty Insurance Risks

(a) Requirement for use of specific forms. Life insurance companies reinsuring property and casualty risks under the Insurance Code, Article 5.75-1(h), must effect any reinsurance by using forms promulgated by the State Board of Insurance.

(b) Adoption of forms by reference. The State Board of Insurance adopts by reference standard forms for use by life insurance companies which are subject to the provisions of this subchapter and the Insurance Code, Article 5.75-1. These forms are published by the State Board of Insurance and copies of the forms for life insurance are available from Property and Casualty Financial Analysis Unit of the Corporate Activity Division, 1110 San Jacinto Boulevard, Austin, Texas 78701-1998.

(1) The following forms utilized in the Casualty Annual Statement Form 2A are adopted by reference under this section and must be utilized, as applicable, under the provisions of this subchapter and/or the Insurance Code, Article 5.75-1:

(A) Underwriting and Investment Exhibit--Statement of Income--Page 4;

(B) Underwriting and Investment Exhibit--Part 2 and Part 2-A--Premiums in Force--Page 7;

(C) Underwriting and Investment Exhibit--Part 2B--Recapitulation of All Premiums--Page 8;

(D) Underwriting and Investment Exhibit--Part 3--Losses Paid and Incurred--Page 9, Columns 2, 5, 6, 7, and 8;

(E) Underwriting and Investment Exhibit--Part 3A--Unpaid Losses and Loss Adjustment Expenses--Page 10, Columns 1(B), 3, 4(B), 5, and 6;

(F) Underwriting and Investment Exhibit--Part 4--Expenses--Page 11;

(G) General Interrogatories--Page 15;

(H) Notes to Financial Statements--Page 17; and

(I) Five-Year Historical Data--Pages 20 and 21.

(2) The following supportive schedules from the casualty annual statements are adopted by reference under this section and should be completed if applicable by the life insurance companies which are subject to the provisions of this subchapter and the Insurance Code, Article 5.75-1(h):

(A) Schedule F--Part 1A--Section 1--for retrocessions if applicable;

(B) Schedule F--Part 1A--Section 2;

(C) Schedule G;

(D) Schedule K;

(E) Schedule O--Parts 1, 2, 3, and 5; and

(F) Schedule P.

(c) Actuarial attestation and filing of forms. The applicable forms listed in subsection (B) of this section must be completed, actuarially attested as to accuracy, and filed with the Property and Casualty Financial Analysis Unit of the Corporate Activities Division, State Board of Insurance, 1110 San Jacinto Boulevard, Austin, Texas 78701-1998. These forms must be filed no later than April 1 of each year.

Source Note: The provisions of this §7.1206 adopted to be effective November 3, 1989, 14 TexReg 5625