Law:Title 10. Property And Casualty Insurance. Subtitle G. Pools, Groups, Plans, And Self-insurance from Chapter 2171. Commercial Group Property Insurance (Texas)

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Subtitle G. Pools, Groups, Plans, And Self-insurance

Contents

Chapter 2171. Commercial Group Property Insurance

Section 2171.001.  Definition. In

this chapter, "large risk" means an insured described by Section 2301.004.

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. April 1, 2007.



Section 2171.002.  Authorization For Issuance.

An insurer may write commercial group property insurance for:

(1)  a group of businesses that constitutes a large risk if the members of the group have clearly identifiable underwriting characteristics; or

(2)  an association that constitutes a large risk if the members of the association are engaged in similar undertakings.

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. April 1, 2007.



Section 2171.003.  Policy Form Filings.

(a) An insurer shall file a policy form with the commissioner before using the form for a group of businesses or an association described by Section 2171.002 in which each member of the group or association is not a large risk.

(b)  A filing made under this section is for informational purposes only.

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. April 1, 2007.



Section 2171.004.  Rate Filings.

An insurer shall file with the commissioner in accordance with Chapter 2251 the following information for commercial group property insurance written under this chapter in this state:

(1)  rates;

(2)  supplementary rating information; and

(3)  pertinent supporting information.

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. April 1, 2007.



Section 2171.005.  Identification Of Insured Required.

An insurer filing a policy form under Section 2171.003 or rates and related information under Section 2171.004 shall clearly identify the group of businesses or the association to be insured.

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. April 1, 2007.


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