TDI Announces CGAD Filing Not Required for Texas Domestic Insurers or HMOs

Mitchell, Williams, Selig, Gates & Woodyard, P.L.L.C.
Contact

Mitchell, Williams, Selig, Gates & Woodyard, P.L.L.C.

Download PDF

During the last legislative session, Texas enacted Insurance Code Chapter 831 to adopt the corporate governance annual disclosure (“CGAD”) annual filing requirement for all Texas domestic insurers and HMOs. The purpose of the CGAD filing is to have insurers or insurance groups disclose information about the corporate governance structure, policies, and practices to permit the Texas commissioner to gain and maintain an understanding of the insurer's corporate governance framework.

The Texas Department of Insurance (“TDI”) published a bulletin stating that TDI is developing rules to implement the CGAD requirement and that TDI will not require a CGAD filing for this year. However, an insurer or HMO that is a part of an insurance group, and has a lead state other than Texas, should check their lead state's filing requirements.

A copy of the Texas Commissioner’s bulletin can be found here.

Written by:

Mitchell, Williams, Selig, Gates & Woodyard, P.L.L.C.
Contact
more
less

Mitchell, Williams, Selig, Gates & Woodyard, P.L.L.C. on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.