28 TAC §5.9101
The Commissioner of Insurance adopts the repeal of §5.9101 concerning commercial multi-peril package policies. The section is repealed without changes to the proposal as published in the September 17, 2004, issue of the Texas Register (28 TexReg 8985) and will not be republished.
Senate Bill 14 (SB 14), enacted by the 78 th Legislature, 2003, Regular Session, revised the regulatory scheme for the lines of insurance that may be included in commercial multi-peril policies. All lines that may be included in a commercial multi-peril package policy are subject to Texas Insurance Code Article 5.13-2, as amended by SB 14. Repeal of §5.9101 is necessary to enable the department to adopt new rules that reflect the regulatory scheme of Article 5.13-2. Simultaneous to this adopted repeal, adopted new §5.5005 is published elsewhere in this issue of the Texas Register .
The adopted repeal will eliminate §5.9101, which does not reflect the statutory amendments of SB 14. The repeal of §5.9101 is necessary for the department to implement the rate regulatory scheme for the lines of insurance included in a commercial multi-peril policy in accordance with Article 5.13-2 as amended by SB 14.
SUMMARY OF COMMENTS AND AGENCY RESPONSE. No comments were received on the proposed repeal.
Repeal of §5.9101 is adopted pursuant to Insurance Code Articles 5.13-2 and §36.001. Senate Bill 14, enacted by the 78 th Legislature, Regular Session, 2003, amended various provisions of Chapter 5 of the Texas Insurance Code, including Articles 5.13 and 5.13-2. To conform to the regulatory changes in Article 5.13-2 and provide uniform rate regulation of insurers, the repeal of §5.9101 is being adopted simultaneously with new §5.5005. Section 36.001 provides that the Commissioner of Insurance may adopt any rules necessary and appropriate to implement the powers and duties of the Texas Department of Insurance under the Insurance Code and other laws of this state.
§5.9101. Multi-peril Policies.