Texas Insurance Code
§ 36.004 — COMPLIANCE WITH NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS REQUIREMENTS; RULES
IN § 36.004Title 2. TEXAS DEPARTMENT OF INSURANCE · Part A. ADMINISTRATION OF THE TEXAS DEPARTMENT OF INSURANCE · Ch. 36. DEPARTMENT RULES AND PROCEDURES · Art. A. RULES
Statute text
View on source(a)Except as provided by Subsection (c) and Section 36.005, the department may not require an insurer to comply with a rule, regulation, directive, or standard adopted by the National Association of Insurance Commissioners, including a rule, regulation, directive, or standard relating to policy reserves, unless application of the rule, regulation, directive, or standard is expressly authorized by statute.
(b)For purposes of Subsection (a), a version of a rule, regulation, directive, or standard is expressly authorized by statute if:
(1)the statute explicitly authorizes the commissioner to adopt rules consistent with the rule, regulation, directive, or standard; or
(2)that version is the latest version of the rule, regulation, directive, or standard on the date that the statute was enacted.
(c)The commissioner may adopt a rule to require compliance with a rule, regulation, directive, or standard adopted by the National Association of Insurance Commissioners if:
(1)the commissioner finds the rule is technical or nonsubstantive in nature or necessary to preserve the department's accreditation; and
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Legislative history
Acts 2017, 85th Leg., R.S., Ch. 752 (S.B. 1450), Sec. 1, eff. September 1, 2017.