{"id":"AGY-ST-UTILITIES-HOUSING-AG-075","kind":"context","level":"sector-regulator","jurisdiction":"Texas (Insurance Commissioner)","state":"TX","metro":"","industry":"","agency":"ST-UTILITIES-HOUSING-AG","eco":"","issuer":"Texas Department of Insurance","authority":"Tex. Ins. Code ch. 2251","instrument":"Commissioner\u0027s Bulletin B-0020-20","title":"COVID-19: Commercial premium adjustments and midterm premium audits","dateIssued":"2020-04-15","effective":"2020-04-15","end":"Not stated","startDate":"2020-04-15","endDate":"2020-09-30","quarters":["2020Q2","2020Q3"],"types":["OTHER"],"addressees":["all property and casualty insurers writing commercial lines in Texas"],"clause":"(as read on the Department\u0027s page) TDI directs insurers to work with commercial policyholders whose operations were affected by COVID-19 and encourages insurers to \u0027Conduct midterm premium audits if requested by policyholders\u0027; \u0027Allow policyholders to self-audit and report changes in the auditable exposure\u0027; \u0027Consider any reduced risk for businesses that change operations or elect to continue paying employees when they are not working\u0027; and \u0027Make other adjustments to reduce the premium as appropriate.\u0027 \u0027A midterm audit, self-audit, or other premium adjustment does not replace a final audit permitted or required by the policy.\u0027","enforcement":"Tex. Ins. Code ch. 2251; Department oversight","functions":["IN commercial premium audits and adjustments (payroll and receipts exposure bases) for every Texas commercial policyholder that \u0027change[d] operations\u0027","OP businesses\u0027 insurance costs","CB"],"notes":"The regulator\u0027s premise, \u0027businesses that change operations or elect to continue paying employees when they are not working,\u0027 describes the condition of Texas employers under the March-April 2020 orders.","sourceUrl":"https://www.tdi.texas.gov/bulletins/2020/B-0020-20.html","snapshot":"https://web.archive.org/web/20200419203516/https://www.tdi.texas.gov/bulletins/2020/B-0020-20.html","fileExists":false,"fileBytes":0,"grade":"secondary","character":"context","description":"","collection":"AGY-ST-UTILITIES-HOUSING-AG","url":"/library/AGY-ST-UTILITIES-HOUSING-AG-075","exhibitUrl":null,"citation":"Texas Department of Insurance, Commissioner\u0027s Bulletin B-0020-20 (Apr. 15, 2020) (Ex. AGY-ST-UTILITIES-HOUSING-AG-075)","stateName":"Texas","related":[]}