Purpose and Classification Procedure

(a) The purpose of this division is to identify the various classifications of risks defined by the Texas Department of Insurance as inland marine insurance subject to any applicable qualifications in this division.

(b) Each class (or subclass, where indicated) is designated as "filed" or "non-filed."

(1) "Filed" indicates those classes or subclasses for which rules, rates, and forms must be filed with the Texas Department of Insurance. Forms are subject to filing and approval under Insurance Code §2301.006, concerning Filing and Approval of Forms.

(2) "Non-filed" indicates those classes or subclasses for which rules, rates, and forms are not subject to filing requirements.

(c) Inland marine insurance is defined and classified in:

(1) §5.5002 of this title (relating to Inland Marine Insurance -- Imports);

(2) §5.5003 of this title (relating to Inland Marine Insurance -- Exports);

(3) §5.5004 of this title (relating to Inland Marine Insurance -- Domestic Shipments);

(4) §5.5005 of this title (relating to Inland Marine Insurance -- Bridges, Tunnels, and Other Instrumentalities of Transportation and Communication);

(5) §5.5006 of this title (relating to Inland Marine Insurance -- Consumer Credit Property Insurance);

(6) §5.5007 of this title (relating to Inland Marine Insurance -- Commercial Credit Property Insurance); and

(7) §5.5008 of this title (relating to Inland Marine Insurance -- Other Inland Marine Risks).

Source Note: The provisions of this §5.5001 adopted to be effective June 4, 2023, 48 TexReg 2723.