The COVID Project
Context, not an orderThis record is guidance or an announcement kept for context. It is not counted among the orders in force.
The record
- Jurisdiction
- Texas; Texas Department of Insurance · Texas
- Level
- Sector regulator
- Authority
- Tex. Ins. Code § 36.001
- Issued
- 2020-04-15 Apr. 15, 2020
- Effective
- 2020-04-15
- End
- Not rescinded (read as 2021-09-30)
- In force
- Apr. 15, 2020 to Sept. 30, 2021
- Quarters
- 2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Other
- Addressees
- all property and casualty insurers in Texas, including workers' compensation insurers
- agents
- premium finance companies
- Functions reached
- IN commercial lines underwriting and premium audit
- CB every commercial policyholder 'that ha[s] reduced operations due to the COVID-19 outbreak' (payroll- and sales-rated policies in every industry)
- Character
- context
- Collection
- State insurance and banking regulators AGY-ST-INSURANCE-BANKING
Operative words
The premium for many commercial property and casualty policies are calculated using an auditable exposure such as payroll or sales. Because of the impact the COVID-19 outbreak has had on Texas businesses, the Texas Department of Insurance (TDI) expects insurers to work with commercial policyholders that have reduced operations due to the COVID-19 outbreak. For policies calculated using an auditable exposure that may have changed as a result of the COVID-19 outbreak, TDI encourages insurers to: Conduct midterm premium audits if requested by policyholders... Consider any reduced risk for businesses that change operations or elect to continue paying employees when they are not working.
Enforcement
Tex. Ins. Code chs. 82, 84; rate regulation ch. 2251
Notes
The regulator's finding of April 15, 2020 that Texas businesses had 'reduced operations' and were paying employees 'when they are not working.'
Retrieval noteCite it as context and cite the underlying order, statute or emergency rule it describes as the instrument. (Bulletins whose operative text imposes a mandatory duty on licensees under the regulator's own authority are excluded from this downgrade and listed separately for review.)).