Texas Insurance Code 3502.103 – Recording and Reporting of Loss and Expense Experience and Other Data
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(a) The commissioner shall adopt reasonable rules and statistical plans for the recording and reporting of loss experience and other required data by a mortgage guaranty insurer. The rules and plans must ensure that each insurer’s total loss and expense experience is made available in the form and with the detail the commissioner considers necessary.
(b) Each mortgage guaranty insurer shall use the statistical plans adopted under this section to record and report loss experience and other required data in accordance with the rules adopted by the commissioner.
Terms Used In Texas Insurance Code 3502.103
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(c) The commissioner may modify statistical plans adopted under this section.