1998 AUTO AND HOMEOWNERS INSURANCE RATE GUIDES

Home Bulletins 1998 B-0032-98 May 20, 1998 To: Re:   1998 AUTO AND HOMEOWNERS INSURANCE RATE GUIDES This bulletin announces the call for rate information for the 1998 Auto and Homeowners Insurance Rate Guides . The rate guides are annual Texas Department of Insurance (TDI) publications that provide comparative premium information to Texas insurance consumers. To assure that the rate information is current and correct, TDI is collecting annual (twelve month) premium figures from companies. For the 1998 rate guides, TDI requires all companies be listed that write within the top 80 percent of the auto or homeowners market in each rate guide region (group of two to four auto or homeowners rating territories). All other companies that wish to be listed also may provide TDI with this information. TDI will publish 1998 auto and homeowners rate guides in July 1998. If your company is in the top 80 percent of the market in a given region, the attached form will show that region under "Required." If your company wishes to be listed in guides for regions where you are not required to appear (not within the top 80 percent for that region), please provide premium information for those regions in the "Optional" section. Optional information received after the deadline may not be included in the first printing of the guides. Your company must provide the requested premium information within ten days, under authority of Article 1.24 of the Texas Insurance Code . The deadline for submitting rate guide information is June 8, 1998. Forms and instructions are attached. Please note the separate instruction sheet about how to report auto rates for county mutuals. This year companies may submit their data electronically via the TDI Internet home page, or they may complete the enclosed forms and fax them to TDI. If you have questions about submitting rate guide information, please contact Melissa Hield in Consumer Protection (512/322-4349 or e-mail: Melissa.Hield@tdi.state.tx.us). Sincerely, Elton Bomer Commissioner of Insurance Texas Department of Insurance 1998 AUTO INSURANCE RATE GUIDE INFORMATION FORM INSTRUCTION SHEET TDI publishes auto rate guides that group rating territories into "regions." Each regional guide contains two to four territories. For your company, list the appropriate annual (twelve months) premium for liability insurance only -- minimum limits of 20/40/15 -- for each driver profile listed on the 1998 Auto Insurance Rate Guide Information Form. The deadline is June 8, 1998. Company Name The company's name. NAIC Group and Company Number The NAIC 3-digit group and 5-digit company numbers. Consumer Information Telephone Number The number consumers may call to get information about rates or a quote. If your company has a toll-free number for consumers, please list it. Company Contact for Additional Information The name of the person who is responsible for the information reported to TDI on this form. Company Contact Telephone Number The direct phone number of the person listed as the company contact. Driver A Annual Rate for Minimum Liability for Driver A: is a male age 25-64 or female age 21-64 with no at-fault accidents or major traffic convictions who drives to and from work. BI + PD (20/40/15), 1 year, Class 1B Driver B Annual Rate for Minimum Liability for Driver B is : a single male under age 21 with no at-fault accidents or major traffic convictions. BI + PD (20/40/15), 1 year, Class 2C-1 Driver C Annual Rate for Minimum Liability for Driver C is : a single female under age 21 with no at-fault accidents or major traffic convictions. BI + PD (20/40/15), 1 year, Class 2D Driver D Annual Rate for Minimum Liability for Driver D: is a male or female over age 64 with no at-fault accidents or major traffic convictions who drives for pleasure and errands only. BI + PD (20/40/15), 1 year, Class 6A SUBMIT RATE GUIDE DATA VIA THE INTERNET OR FAX This year companies may submit their rate guide data electronically via a secured file on the TDI Internet home page. This file is not visible to the public. To submit data via the Internet, open your Web browser and type in this address: http://www.tdi.state.tx.us/consumer/rates.html Or you may enter the information on the enclosed Auto Insurance Rate Guide Information Form and fax it to: 512/305-7463. If you have questions about filing rate guide information, contact Melissa Hield in Consumer Protection at 512/322-4349 or e-mail: melissa.hield@tdi.state.tx.us . Texas Department of Insurance 1998 AUTO INSURANCE RATE GUIDE INFORMATION FORM INSTRUCTION SHEET SPECIAL INSTRUCTIONS FOR COUNTY MUTUALS County mutuals that write in the top 80 percent of the Texas auto insurance market must submit figures for the 1998 auto rate guides. For each of the four driver profiles, calculate an average (median) figure for minimum liability coverage for twelve months. Do not include discounts. The deadline is June 8, 1998 . Company Name The company's name. NAIC Group and Company Number The NAIC 3-digit group and 5-digit company numbers. Consumer Information Telephone Number The number consumers may call to get information about rates or a quote. If your company has a toll-free number for consumers, please list it. Company Contact for Additional Information The name of the person who is responsible for the information reported to TDI on this form. Company Contact Telephone Number The direct phone number of the person listed as the company contact. Driver A Median Average Annual Rate for Minimum Liability for Driver A: male age 25-64 or female age 21-64 with no at-fault accidents or major traffic convictions who drives to and from work. BI + PD (20/40/15), 1 year, no discounts Driver B Median Average Annual Rate for Minimum Liability for Driver B: single male under age 21 with no at-fault accidents or major traffic convictions. BI + PD (20/40/15), 1 year, no discounts Driver C Median Average Annual Rate for Minimum Liability for Driver C: single female under age 21 with no at-fault accidents or major traffic convictions. BI + PD (20/40/15), 1 year, no discounts Driver D Median Average Annual Rate for Minimum Liability for Driver D: male or female over age 64 with no at-fault accidents or major traffic convictions who drives for pleasure and errands only. BI + PD (20/40/15), 1 year, no discounts This year companies may submit their rate guide data electronically via a secured file on the TDI Internet home page. This file is not visible to the public. To submit data via the Internet, open your Web browser and type in this address: http://www.tdi.state.tx.us/consumer/rates.html Or you may enter the information on the enclosed Auto Insurance Rate Guide Information Form and fax it to: 512/305-7463. If you have questions about filing rate guide information, contact Melissa Hield in Consumer Protection at 512/322-4349 or e-mail: melissa.hield@tdi.state.tx.us . Texas Department of Insurance 1998 AUTO INSURANCE RATE GUIDE INFORMATION FORM Company Name NAIC Group and Company Number Consumer Information Telephone Number Company Contact for Additional Information Company Contact Telephone Number Regional Guide Auto Driver A Driver B Driver C Driver D Territory BI+PD (20/40/15) 1B, 1 year BI+PD (20/40/15) 2C-1, 1 year BI+PD (20/40/15) 2D, 1 year BI+PD (20/40/15) 6A, 1 year Amarillo & Lubbock 10 Amarillo & Lubbock 14 Amarillo & Lubbock 62 Coastal Texas 7 Coastal Texas 54 Coastal Texas 55 Dallas Metro 2 Dallas Metro 27 Dallas Metro 28 East Texas 47 East Texas 63 East Texas 66 Far West & Panhandle 5 Far West & Panhandle 58 Far West & Panhandle 65 Ft. Worth Metro 4 Ft. Worth Metro 34 Ft. Worth Metro 46 Harris County Area 1 Harris County Area 38 Harris County Area 39 Harris County Area 40 Heart of Texas 24 Heart of Texas 51 Heart of Texas 52 Regional GuideDriver C Driver D Territory BI+PD (20/40/15) 1B, 1 year BI+PD (20/40/15) 2C-1, 1 year BI+PD (20/40/15) 2D, 1 year BI+PD (20/40/15) 6A, 1 year Lower Valley 12 Lower Valley 56 Lower Valley 57 Northeast Texas 41 Northeast Texas 42 Northeast Texas 43 Northeast Texas 44 Outer Dallas/Ft. Worth Metro 13 Outer Dallas/Ft. Worth Metro 31 Outer Dallas/Ft. Worth Metro 32 Outer Dallas/Ft. Worth Metro 45 Permian Basin 59 Permian Basin 60 Permian Basin 61 San Angelo, Abilene, Wichita Falls 11 San Angelo, Abilene, Wichita Falls 16 San Angelo, Abilene, Wichita Falls 20 South Central Texas 3 South Central Texas 23 South Central Texas 53 South Central Texas 64 Southeast Texas 6 Southeast Texas 21 Southeast Texas 48 Upper Coast 22 Upper Coast 37 Upper Coast 49 Texas Department of Insurance 1998 HOMEOWNERS INSURANCE RATE GUIDE INFORMATION FORM INSTRUCTION SHEET TDI publishes homeowners insurance rate guides that group rating territories into "regions." Each regional guide contains two to three territories. For your company, list the appropriate annual (twelve months) premium for a Homeowners "B" policy with $80,000 coverage on the house, $32,000 on its contents, and a 1% ($800) deductible for each of the owner profiles listed. Property Protection Classes are listed above the rate columns on the Information Form. The deadline for submitting your information is June 8, 1998. Company Name The company´s name. NAIC Group and Company Number The NAIC 3-digit group and 5-digit company number. Consumer Information Telephone Number The number consumers may call to get information about rates or a quote. If your company has a toll-free number for consumers please list it. Company Contact for Additional Information The name of the person who is responsible for the information reported to TDI on this form. Company Contact Telephone Number The direct phone number of the person listed as the company contact. Owner A Annual rate for Owner A: brick-veneer home in an urban area with good fire protection. Owner B Annual rate for Owner B: frame home in an urban area with good fire protection. Owner C Annual rate for Owner C: brick-veneer home in a rural area with poor fire protection. Owner D Annual rate for Owner D: frame home in a rural area with poor fire protection. SUBMIT RATE GUIDE DATA VIA THE INTERNET OR FAX This year companies may submit their rate guide data electronically via a secured file on the TDI Internet home page. This file is not visible to the public. To submit data via the Internet, open your Web browser and type in this address: http://www.tdi.state.tx.us/consumer/rates.html Follow the instructions on the screen to submit your rate guide data. Or you may complete the enclosed form and fax it to: 512/305-7463. If you have questions about submitting rate guide information, contact Melissa Hield in Consumer Protection at 512/322-4349 or e-mail melissa.hield@tdi.state.tx.us . Texas Department of Insurance 1998 HOMEOWNERS INSURANCE RATE GUIDE INFORMATION FORM Company Name NAIC Group and Company Number Consumer Information Telephone Number Company Contact for Additional Information Company Contact Telephone Number Required Annual Rate: HOB $80,000/$32,000, 1% deductible Regional Guide Property Territory Property Protection Class 4 Property Protection Class 10 Owner A Brick Owner B Frame Owner C Brick Owner D Frame Central Texas 5 Central Texas 6 Central Texas 13 Coastal Texas 8 Coastal Texas 9 Coastal Texas 10 Dallas/Ft. Worth Metro 2 Dallas/Ft. Worth Metro 3 Dallas/Ft. Worth Metro 4 El Paso & Big Bend 7 El Paso & Big Bend 12 El Paso & Big Bend 15C High Plains 18 High Plains 20 Houston Metro Area 1 Houston Metro Area 11 Houston Metro Area 14 Mid Texas 15N Mid Texas 16C Mid Texas 16N Red River 17 Red River 19C Red River 19N For more information, contact: ChiefClerk@tdi.texas.gov