Adoption of Proposed Changes to the Texas Statistical Plan for Residential Risks View or download Stat Plan

Texas Department of Insurance 333 Guadalupe Street P.O. Box 149104 Austin, Texas 78714-9104 512/463-6169 June 16, 1999 COMMISSIONER’S BULLETIN #B-0031-99 Statistical Bulletin No. 47 TO: All Insurers Writing Residential Insurance in Texas RE: Adoption of Proposed Amendments to the Texas Statistical Plan for Residential Risks *** IMPORTANT NOTICE *** Please read carefully and distribute to appropriate personnel handling statistical reporting. Commissioner’s Orders Nos. 99-0857 and 99-0858, issued on June 16, 1999, adopted amendments to the Texas Statistical Plan for Residential Risks (Stat Plan) as proposed by the staff of the Texas Department of Insurance. The Commissioner adopted amendments to: add a field to capture experience for the Texas Windstorm Insurance Association (TWIA) building code premium credits; add the ability to code and report multiple optional credits for Dwelling coverage; add a new field for Law and Ordinance coverage; and remove the Texas Place Code Listing from the statistical plan and reference it as a separate document. The Commissioner also adopted a proposal by the American Insurance Association (AIA), with changes recommended by staff, to limit the reporting of Roof Construction to policies, both new and renewal, which receive a premium credit for hailresistant roof coverings. Also, one additional roof construction type, called “metal (specific type unknown)” was added to alleviate concerns that some homeowners would not be able to identify specific types of metal roofs. All amendments and associated changes to the Stat Plan reporting requirements are effective for the reporting of 3rd quarter 1999 experience. Please note that the reporting of Roof Construction information for the 1st and 2nd quarters of 1999 will only be enforced for policies that received a premium credit for hail-resistant roof coverings. Please replace the current same numbered pages with the attached revised pages in the Stat Plan. Changes are noted with strike-through or underline marks as applicable. Questions relating to this bulletin should be directed to the undersigned at (512) 475-3026. Sincerely, Gary Gola Special Projects Director Technical Analysis (MC 105-5S)