What Happens when Underwriting Guidelines are Marked Confidential in Texas | Wolters Kluwer Financial Services
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  • What Happens when Underwriting Guidelines are Marked Confidential in Texas

    Diane Rosolko

    Diane M. Rosolko, CPCU, Manager – Regulatory Analysis

    Published November 16, 2015

    The Texas Department of Insurance recently issued a bulletin outlining the process it follows when an insurer requests confidentiality of the underwriting guidelines submitted with a filing for personal auto or residential property policies. This bulletin follows a ruling issued by the Attorney General’s office back in January of 2014, which found that an insurer’s underwriting guidelines for residential property policies are not considered confidential under the Texas Insurance Code. Bulletin B-0021-15, issued on September 11, 2015, reminds insurers of the ruling by the AG and provides information about how the DOI handles these confidentiality requests.

    When an insurer submits a filing for personal auto or residential property and includes underwriting guidelines that are marked as confidential, the DOI will refer the underwriting guidelines to the attorney general’s office for a ruling of confidentiality. When it makes the referral, the DOI will make a good faith attempt to provide notice and a copy of the referral to the filer, and the filing company will have the opportunity to submit arguments to the attorney general as to why the information should not be released. The bulletin also provides a contact at the Texas DOI for any questions related to the issue.

    Editor’s Recommendation: Stay up to date with issues related to public disclosure of filings with AuthenticWeb for State Filing.



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