85R10211 SMT-D
By: Davis of Dallas H.B. No. 2152
A BILL TO BE ENTITLED
AN ACT
relating to the reporting of certain claims information by
automobile and residential property insurers to the Texas
Department of Insurance.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 38, Insurance Code, is amended by adding
Subchapter K to read as follows:
SUBCHAPTER K. CLAIMS REPORTING BY CERTAIN INSURERS
Sec. 38.501. CLAIMS REPORTING BY AUTOMOBILE OR PROPERTY
INSURER. (a) In this subchapter, "insurer" means an insurance
company, reciprocal or interinsurance exchange, mutual insurance
company, capital stock company, county mutual insurance company,
Lloyd's plan, or other legal entity engaged in the business of
personal automobile insurance or residential property insurance in
this state.
(b) An insurer shall submit a quarterly report to the
department containing the following information organized by zip
code:
(1) the number of claims filed with the insurer; and
(2) for each claim:
(A) the date the claim was filed with the
insurer;
(B) the date the claim was paid by the insurer;
(C) the amount of loss claimed within the
applicable policy limits; and
(D) the amount paid by the insurer to the
claimant.
(c) The commissioner by rule shall adopt the form of the
report required under Subsection (b).
SECTION 2. Not later than December 31, 2017, the
commissioner of insurance shall adopt rules to implement Subchapter
K, Chapter 38, Insurance Code, as added by this Act. The rules must
require that an insurance company subject to that subchapter make
the initial submission of the report under that subchapter not
later than the 60th day after the effective date of the rules.
SECTION 3. This Act takes effect September 1, 2017.