The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.

1. (1) Commissioner--The Texas Commissioner of Insurance.
2. (2) Department--The Texas Department of Insurance.
3. (3) Chief Clerk--The Office of the Chief Clerk of the department.
4. (4) Benchmark rates--Industry-wide benchmark rates for automobile or residential property insurance adopted by the commissioner pursuant to Texas Insurance Code Article 5.101 §3(d).
5. (5) Benchmark rate proceedings--Proceedings for the promulgation of industry-wide benchmark rates for automobile or residential property insurance held under Texas Insurance Code Article 5.101 §3(d).

6. (6) Hearing participant--Any interested person, including an insurer, a trade association, the Public Insurance Counsel, or any other person or entity who would be affected by or have an interest in an industry-wide automobile or residential property rate proceeding and:

   1. (A) has submitted a recommendation for a change to benchmark rates with supporting actuarial analyses; or
   2. (B) has submitted a recommendation for a change to benchmark rates or supporting actuarial analyses.
7. (7) Supporting actuarial analyses--Analyses of relevant data relating to all or a portion of existing benchmark rates for which changes are recommended. These include all exhibits and workpapers supporting the analyses.
8. (8) Recommendations--Suggestions for changes in all or part of existing benchmark rates submitted by a hearing participant pursuant to the procedures in §§1.1303-1304 of this subchapter.

Source Note:The provisions of this §1.1302 adopted to be effective October 17, 2002, 27 TexReg 9580.