28 Tex. Admin. Code § 15.110

Current through Reg. 49, No. 25; June 21, 2024
Section 15.110 - Contract File

Each surplus lines agent must maintain a contract file containing a complete and true record for each individual surplus lines contract including the items described under Insurance Code § 981.215(a) and the following, as applicable:

(1) a copy of the daily report or other evidence of insurance;
(2) amount of insurance and perils insured against;
(3) brief general description of the property insured and its location, including ZIP code;
(4) gross premium;
(5) name and mailing address of the insured;
(6) name and home office address of the insurer, underwriting syndicate or other risk-bearing entity;
(7) record of losses or claims filed and payments made;
(8) a true and correct copy of the insurance policy, contract, and other detailed evidences of coverage, as issued to the insured;
(9) all correspondence relating to the specific insurance coverage of that contract file;
(10) support for exempt commercial purchaser status complying with Insurance Code § 981.215(a)(12)(A) and § 15.111 of this title; and
(11) support for the industrial insured status complying with Insurance Code § 981.215(a)(12)(B) and § 15.112 of this title.

28 Tex. Admin. Code § 15.110

Adopted by Texas Register, Volume 43, Number 51, December 21, 2018, TexReg 8471, eff. 12/30/2018