Texas Insurance Code 802.052 – Concurrent Filing With National Association of Insurance Commissioners
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(a) Each domestic, foreign, or alien insurance company authorized to engage in the business of insurance in this state shall file a copy of the company’s annual statement with the National Association of Insurance Commissioners at the time the company files the statement with the commissioner.
(b) The statement required by Subsection (a) must:
(1) meet requirements adopted by the commissioner, including:
(A) a change in substance or form;
(B) an additional filing; and
(C) any requirement that the statement be in a computer compatible format; and
(2) include the signed jurat page and the actuarial opinion, as required by the jurisdiction in which the insurance company is domiciled.
Terms Used In Texas Insurance Code 802.052
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
(c) The insurance company shall also file with the National Association of Insurance Commissioners a copy of any amendment or addition to the annual statement that is subsequently filed with the commissioner.