The Department of Insurance is holding a public hearing on March 3 at 09:00 AM to receive public comments regarding proposed new 28 TAC §§5.4123 – 5.4128, 5.4135, 5.4136, 5.4148, and 5.4149, and a proposed amendment to 28 TAC §§5.4101, 5.4102, 5.4121, 5.4133, 5.4141 – 5.4147, and 5.4164. These sections concern funding losses and operating expenses in excess of TWIA’s premium and other revenue under Insurance Code Chapter 2210, Subchapters B-1, J, and M. The new and amended sections will be incorporated into TWIA’s plan of operation. The department also proposes amendments to 28 TAC §§5.4171 – 5.4173, 5.4181, 5.4182, 5.4184 – 5.4187, and 5.4189 – 5.4192. These sections concern procedures for making and assessing premium surcharges under Insurance Code Chapter 2210, Subchapter M. Premium surcharges are required to repay class 2 public securities that are issued in the event of a catastrophe that results in excess losses.
You can obtain a copy of the rule proposals at www.tdi.texas.gov/rules/2014/parules.html. You may send your comments about the proposals to the Chief Clerk by email at chiefclerk@tdi.texas.gov, or by mail to Chief Clerk, Mail Code 113-2A, Texas Department of Insurance, P.O. Box 149104, Austin, Texas 78714-9104. You must simultaneously submit your comments by email to Brian Ryder in the Property and Casualty Actuarial Office at Brian.Ryder@tdi.texas.gov, or by mail to Brian Ryder, Property and Casualty Actuarial Office, Mail Code 105-5F, Texas Department of Insurance, P.O. Box 149104, Austin, Texas 78714-9104. All comments must be received by 5 p.m. Central time on March 10, 2014.
