Texas Insurance Code - Not Codified

§ 5.04-1 — REPORT OF BASIC LIMITS LOSSES

I1 § 5.04-1Title 1. THE INSURANCE CODE OF 1951 · Ch. 5. RATING AND POLICY FORMS · Art. A. MOTOR VEHICLE OR AUTOMOBILE INSURANCE

Statute text

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(a)A report filed under Article 5.01(a) of this code must include the information necessary to compute a Texas automobile experience modifier as provided by this code or a rule adopted by the State Board of Insurance. In reporting losses under Article 5.01(a) of this code, an insurer may include only the following as basic limits losses:

(1)indemnity losses, up to the basic limits for the losses;

(2)losses based on payments for immediate medical or surgical treatment;

(3)fees paid to an attorney who is not an employee of the insurer, if the fees were for services rendered in the trial of an action arising under a covered claim;

(4)specific expenses incurred as a direct result of defending an action in connection with which the expense is claimed;

(5)specific expenses, other than claims adjustment expenses, incurred in connection with the settlement of a claim with respect to which the expense is claimed;

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Legislative history

Added by Acts 1991, 72nd Leg., ch. 750, Sec. 2, eff. Sept. 1, 1991.