Tenn. Comp. R. & Regs. 0780-01-12-.07

Current through October 22, 2024

Section 0780-01-12-.07 - FINANCIAL AND STATISTICAL REPORTING

In addition to the schedule of rates required under Rule 0780-1-12-.02, all title insurance companies and/or title rating organizations doing business in Tennessee shall by June 1, 1995 file financial, statistical and loss data on specimen forms approved by the Commissioner. These specimen forms will be supplied by the Commissioner with a letter of instruction for their completion. After the original filing of such forms, the forms shall be filed each year on June 1^st. The Commissioner, if he deems it necessary, may appoint an agency to collect such data. Agents are required to supply to the company the statistics required by these forms. Once a schedule of rates with financial, statistical and loss data has been filed with the Department, any amendment to such rates or forms filed either at the request of the Commissioner or company and/or rating organization shall be considered to be a new filing within the requirements of T.C.A. §56-35-111.

Original rule certified June 10, 1974. Repeal and new rule filed January 20, 1984; effective February 19, 1984. Repeal and new rule filed November 10, 1994; effective January 24, 1995.

Authority: T.C.A. §§ 56-35-111 and 56-35-122.