Get Discretionary Groups Checklist - Texas Department Of Insurance ...

Completing the Discretionary Groups Checklist is essential for organizations seeking to ensure compliance with Texas insurance regulations. This guide provides clear, step-by-step instructions on filling out this important document online, catering to users of all experience levels.

Follow the steps to effectively complete the checklist.

1. Press the ‘Get Form’ button to access the checklist and open it for editing.
2. Begin by reviewing the initial sections that outline compliance with the Texas Insurance Code and the necessity for commonality of membership among discretionary groups.
3. If the policy is to be issued in Texas, ensure you include the required documentation and statements as specified in §1701.054 of the Texas Insurance Code.
4. For policies issued in other states, gather evidence of approval from that state and compile all necessary documentation that supports compliance with similar laws.
5. Draft a certification from an officer of the company, confirming the following: completeness of information, compliance with Texas laws, non-deceptiveness of forms, and an indication that form usage will cease if laws change.
6. Ensure that the policyholder is group-specific, following the guidelines outlined for both issued and not issued categories.
7. Include any relevant trust agreements and enrollment forms as part of your filing.
8. Provide documentation that supports your request, proving that issuance is in the public’s best interest, along with certification from an actuary stating that premium rates are reasonable.
9. Once all sections are completed and reviewed for accuracy, save your changes and download, print, or share the completed form as needed.

Complete the Discretionary Groups Checklist online to ensure your compliance with Texas insurance regulations.