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Ex. AGY-ST-UTILITIES-HOUSING-AG-075 Context (guidance or announcement) Confirmed from a secondary source

Commissioner's Bulletin B-0020-20

COVID-19: Commercial premium adjustments and midterm premium audits

Texas Department of Insurance · Texas (Insurance Commissioner) (Sector regulator)

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The COVID Project
Context, not an order

This record is guidance or an announcement kept for context. It is not counted among the orders in force.

The record

Jurisdiction
Texas (Insurance Commissioner) · Texas
Level
Sector regulator
Authority
Tex. Ins. Code ch. 2251
Issued
2020-04-15 Apr. 15, 2020
Effective
2020-04-15
End
Not stated (read as 2020-09-30)
In force
Apr. 15, 2020 to Sept. 30, 2020
Quarters
2020 Q22020 Q3
Limitation types
Other
Addressees
  • all property and casualty insurers writing commercial lines in Texas
Functions reached
  • IN commercial premium audits and adjustments (payroll and receipts exposure bases) for every Texas commercial policyholder that 'change[d] operations'
  • OP businesses' insurance costs
  • CB
Character
context
Collection
State utilities, housing and agriculture agencies AGY-ST-UTILITIES-HOUSING-AG

Operative words

(as read on the Department's page) TDI directs insurers to work with commercial policyholders whose operations were affected by COVID-19 and encourages insurers to 'Conduct midterm premium audits if requested by policyholders'; 'Allow policyholders to self-audit and report changes in the auditable exposure'; 'Consider any reduced risk for businesses that change operations or elect to continue paying employees when they are not working'; and 'Make other adjustments to reduce the premium as appropriate.' 'A midterm audit, self-audit, or other premium adjustment does not replace a final audit permitted or required by the policy.'

Enforcement

Tex. Ins. Code ch. 2251; Department oversight

Notes

The regulator's premise, 'businesses that change operations or elect to continue paying employees when they are not working,' describes the condition of Texas employers under the March-April 2020 orders.

Retrieval note

Same retrieval failure as Ex. 074; Cite 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.)).

A record of The COVID Project. The instrument's text is the source's; the summary fields are The COVID Project's reading of it. Not legal advice.