texas automobile insurance plan association...

TAIPA TEXAS AUTOMOBILE INSURANCE PLAN ASSOCIATION

ADMINISTRATION CITYVIEW BLDG. 3 • 1120 S. CAPITAL OF TEXAS HWY., STE. 105 • AUSTIN, TX 78746-6464 P.O. BOX 162890 • AUSTIN, TX 78716-2890

TEL. 512/444-4441 • FAX 512/444-7368 http://www.taipa.org

Texas Automobile Insurance Plan Association Governing Committee Meeting

Friday, November 17, 2017 - 9:00 A.M. Omni Austin Hotel Southpark, 4140 Governor’s Row, Austin, TX 78744

Dress: Business Casual

1. Call to Order

2. Introductions

3. Reading of the Anti-Trust Statement

4. Review and Approval of the Minutes of the August 18, 2017 Meeting (Exhibit 1)

5. Manager’s Report

A. Application Count Update as of October 2017 (Exhibit 2) B. Financial Update as of September 2017 (Exhibit 3) C. Plan of Operation Filing: Refunds D. New Office Space Lease E. 2018 Requests for Proposal F. 2018 Meeting Dates (Exhibit 4)

6. Operations Subcommittee Report

A. Over/Under Report (Exhibit 5)

7. Report of Counsel A. TAIPA Rates

8. Personnel Matters

9. 2018 Budget

10. Adjournment

The Governing Committee may take action on any matter of business identified in this notice. Portions of the meeting will be conducted as a closed meeting, if permitted under Chapter 551, Government Code.

TAIPA Governing Committee Meeting August 18, 2017

TAIPA GOVERNING COMMITTEE MEETING MINUTES AUGUST 18, 2017 AT 9:00 AM

VIA TELECONFERENCE ATTENDEES: VOTING MEMBERS:

Mary Carol Awalt, Public Member Bill Brooks, Texas Farm Bureau Casualty (Chair) (Attended in-person) George Cooper, State Farm (Attended in-person) Pete Hamel, Producer Member (Attended in-person) Laura Hausman, Public Member Carmelita Hogan, Public Member Stephen Hylka, Liberty Mutual/Safeco Becky Jackson, Public Member (Attended in-person) Corise Morrison, USAA Tiffany Mulkey, Travelers Adam Payton, Producer Member Thomas Rolling, Farmers (Attended in-person) Jim Rowland, Allstate David Weber, Hochheim Prairie (Attended in-person)

COUNSEL:

Mike Jones, Thompson, Coe, Cousins & Irons (Attended in-person)

TAIPA STAFF: Stacy Dutton (Association Manager) (Attended in-person) Mimi Leece (Attended in-person) Nicole Morgan (Minute Taker) (Attended in-person)

OTHERS:

Doug Beck, Farmers Kimberly Donovan, TDI (Attended in-person) Todd Feltman, State Farm (Attended in-person) Alex Kozyrenko, Atchley & Assoc. (Attended in-person) John Lusardi, Assigned Risk Solutions, Ltd. Ramon Montalvo, Producer Member Alternate Tyler Mosley, Atchley & Assoc. (Attended in-person) David Nardecchia, OPIC (Attended in-person)

ITEM 1: CALL TO ORDER

Bill Brooks called the meeting to order at 9:04 AM.

1

Exhibit 1, Page 1

TAIPA Governing Committee Meeting August 18, 2017 ITEM 2: INTRODUCTIONS

Introductions were made.

ITEM 3: RECOGNITION OF GEORGE COOPER’S SERVICE TO TAIPA George Cooper will be retiring from State Farm soon, and is leaving the TAIPA Governing Committee. He was recognized for his service to TAIPA. Todd Feltman was introduced as the new representative for State Farm.

ITEM 4: READING OF THE ANTI-TRUST STATEMENT Stacy Dutton read the Anti-Trust Statement:

“The creation and operation of the Texas Automobile Insurance Plan Association is set forth in Chapter 2151 of the Texas Insurance Code. The Association is a non-profit corporate body composed of all authorized insurers. The organization was created to provide a means by which insurance may be assigned to an authorized insurer for a person required by the Texas Motor Vehicle Safety-Responsibility Act to show proof of financial responsibility for the future. Members of the Association and of its Governing Committee, when involved in meetings or other activities of the Association, are bound to limit their discussions and actions to matters relating to the business of the Association, and shall not discuss or pursue the business interest of individual insurers or others.”

ITEM 5: AUDIT/FINANCE COMMITTEE REPORT

Tyler Mosley presented the 2016 audit reports.

A. REPORT ON 2016 AUDIT (EXHIBIT 1)

The auditors’ responsibility is to give an opinion on the financial statements and to obtain reasonable assurance the financials are free of material misstatement. They also consider internal controls for the purposes of risk assessment, and would report back if there were any deficiencies. For 2016, there were no significant deficiencies, disagreements with management, correcting entries, issues with internal controls, or any other significant findings. The audited 2016 financials were reviewed. The financials received an unmodified opinion from the auditors, which is the cleanest opinion that can be given. Although there was a positive change in net assets for 2016, TAIPA still has a net deficiency, but the bulk of that is related to the pension liability. The liability is primarily due to the investment market, which TAIPA obviously cannot control, so as the market improves, we would expect to see the liability continue to decrease as it has in recent years. The auditors were asked about their opinion of the organization that manages TAIPA’s pension. The auditors don’t delve too deeply into that, but the investment performance

2

Exhibit 1, Page 2


TAIPA has seen is not abnormal. Relatively all of the pensions the auditors have seen recently are in the same state as TAIPA’s. It was moved by George Cooper and seconded by David Weber to:

“Accept the 2016 audit report.” The motion carried unanimously. Alex Kozyrenko and Tyler Mosley left the meeting.

ITEM 6: REVIEW AND APPROVAL OF THE MINUTES OF THE MARCH 24, 2017 MEETING (EXHIBIT 2)

It was moved by David Weber and seconded by Thomas Rolling to: “Approve the minutes.” The motion carried unanimously.

ITEM 7: MANAGER’S REPORT

Stacy Dutton presented the Manager’s Report.

A. APPLICATION COUNT UPDATE AS OF JULY (EXHIBIT 3)

TAIPA received 290 applications in July 2017, compared to 246 in July 2016, which is an increase of about 18%. Year-to-date, TAIPA has received 2,179 applications in 2017, compared to 1,943 in 2016, which is an increase of about 12%. We expect to end 2017 with about 3,500-3,700 applications received. Comparatively, we assigned 3,089 in 2016. It was asked how much volume the current staff can absorb. We believe current staff could absorb double to triple the volume.

B. FINANCIAL UPDATE AS OF JUNE (EXHIBIT 4)

TAIPA would expect to be at 50% of the budget used at the end of June, and is under-budget at about 45%. The items that are currently over-budget were explained. We expect to end the year about 6% under-budget, mostly due to the fact that we budgeted salaries for 5.5 employees, and have reorganized to just 5 employees. It was asked if all of Intelligent Compensation’s work under the “Consultants—Other” category is complete. We believe all his work is complete, although there were some additional expenses in July that will show on future financials.

C. LINE OF CREDIT RENEWAL

TAIPA holds a $300,000 line of credit from Frost Bank, which we’ve never drawn on, but carry as a contingency. The annual renewal fees are expected to be about $300, but there are no other fees unless we draw against it.

3

Exhibit 1, Page 3


It was asked if this is an annual renewal. It is. It was moved by Thomas Rolling and seconded by George Cooper to:

“Authorize Nicole Morgan and Stacy Dutton to renew the line of credit and be signers on the account.”

The motion carried unanimously.

D. NEW OFFICE SPACE LEASE TAIPA’s current lease expires in March 2018. At the last Governing Committee meeting, the board authorized TAIPA to explore and execute a new lease, in consultation with the Officers and Counsel. Our goals for the new lease were to reduce total rent costs by at least 25%, and to reduce square footage by half. We toured several properties, and were able to find a suite that met both of our goals. It is in a very comparable building just one stoplight north of our current location. Comparing the entire life of our current lease to the entire life of the proposed terms of the new lease, we’ll save 45%. We negotiated the terms of the new lease with the help of our broker, Steve Gillespie from Texas Office Advisors. We were able to negotiate a lower monthly base rent, two months of free base rent, no charges for excess rent in the event of relocation/substitution, and for the landlord to pay holdover rent on our current space if the new space isn’t ready by our move-in date. Unfortunately, we were unable to secure the $0 security deposit we were hoping for, as that is apparently a thing of the past. We are in the final part of the lease-signing stage right now. Mike Jones and his firm have reviewed the proposed lease and provided feedback to the landlord. There are still a few items we’re negotiating with the landlord, but we hope to sign the final lease in the next couple of weeks. The lease will commence on March 1, 2018, so TAIPA would move in sometime in March. When we budget for 2018, we’ll need to include budget for moving expenses, phone/internet cabling, and possibly additional insurance, if required. It was asked what additional insurance we might need to purchase. The new lease originally required earthquake and flood insurance, although it sounds like we might be able to negotiate to remove those requirements.

E. PLAN OF OPERATION FILING: REFUNDS FOR CANCELLATIONS (EXHIBIT 5) In 2013, TAIPA filed a Plan of Operation amendment to comply with Senate Bill 698, which changed the requirements for return premium. When we made the filing, we only included a change for cancellations, as the bill did not specify it applied to endorsements, and our Plan of Operation has separate standards for return premium due to cancellations and endorsements. We were told TDI would be issuing a rule to address some questions about this bill, and we wanted to wait to see how the rule would affect our filing, so our filing has been

4

Exhibit 1, Page 4


pending at TDI ever since. TDI adopted their final rule in May. The rule applies to both endorsements and cancellations, so we withdrew our original filing, and need to make a new filing. Instead of listing out the specific requirements in our Plan of Operation amendment, we recommend simply stating the insurer must comply with the statute. The proposed language is shown in Exhibit 5. It was asked if an insurer needs to send a refund check if an endorsement change results in a premium decrease. The answer is yes, although there is also a provision for applying it as a credit to a future billing on the same policy. It was suggested that the proposed language refer insurers to TDI’s rule, in addition to referring them to statute. The rule is promulgated by TDI under the statute. Rules change more frequently than the statute, so the more we pin it down, the more we’d have to worry about changing it in the future if the rules change. Further, if the rules were to change, it would be the company’s responsibility to ensure they comply with any new rules, not TAIPA’s responsibility. It was agreed to change the language to, “The insurer must refund return premium in accordance with Chapter 558, Texas Insurance Code, and the rules promulgated under that chapter.” It was also agreed that when TAIPA sends out a bulletin to notify insurers of the approved Plan of Operation amendment, they should direct insurers to the rule issued by TDI. It was moved by Thomas Rolling and seconded by David Weber to:

“Authorize TAIPA staff to file the proposed Plan of Operation amendment with TDI.” The motion carried unanimously.

F. SURCHARGES ON TAIPA POLICIES (EXHIBIT 6) TAIPA has received some questions from insurers regarding how to apply surcharges to TAIPA policies in a couple of situations that don’t come up often, and therefore aren’t addressed in our rules. We request that the Governing Committee refer these questions to the Operations Subcommittee so that we can discuss how insurers are currently handling these situations (especially those insurers that are countrywide), and so that we can consider adding language to the TAIPA Rules & Rating Manual as clarification. There was a consensus to refer these questions to the Operations Subcommittee for further study. It was asked if the Operations Subcommittee has a meeting scheduled yet. They do not, but will be scheduling one.

G. QUOTA PROCEDURES RELATED TO INSURERS DISCONTINUING WRITING (EXHIBIT 7)

5

Exhibit 1, Page 5


TAIPA received a request from a member to review the Plan of Operation as related to the quotas of companies that discontinue writing. We request that the Governing Committee refer this question to the Operations Subcommittee to discuss and make recommendations as to whether TAIPA should make changes to our procedure to more closely match the procedures used around the rest of the country. There was a consensus to refer this item to the Operations Subcommittee for further study.

ITEM 8: OPERATIONS SUBCOMMITTEE REPORT David Weber presented the Operations Subcommittee Report.

A. OVER/UNDER REPORT (EXHIBIT 8) There was nothing noteworthy on the report.

ITEM 9: REPORT OF COUNSEL

Mike Jones presented the Report of Counsel.

A. LEGISLATIVE UPDATE Thompson, Coe, Cousins & Irons has reviewed the legislation passed during the 2017 session, as well as reports by various trade associations, and has determined there were no changes to TAIPA’s statute, nor were there any bills that directly affect TAIPA’s Plan of Operation or forms. There was one bill, Senate Bill 1490, which will allow insurers to set their own surcharges for DUI’s and accidents, whereas those surcharges are currently promulgated by TDI. TAIPA’s Rules and Rating Manual does have provisions for surcharges, which we could now change if we wanted to, although they would still be subject to TDI’s approval. There doesn’t seem to be a need to change the surcharges at this time, but the option is now available if there was a future need.

B. TAIPA RATES

In 2015, TDI approved a new methodology for TAIPA’s rating filings, in which TAIPA rates are indexed to voluntary market loss costs. Mike Miller has prepared Private Passenger and Commercial rate indications using this methodology. The filing would result in an overall Private Passenger increase of 4.8% and an overall Commercial increase of 1.7%. In both 2015 and 2016, we modified the class and territory rating factors, and since they hadn’t been changed in over a decade, we decided to cap the factor changes each year and roll them out over several years. This year’s filing did include some factor changes for Private Passenger, although it didn’t include any for Commercial. This year should hopefully be the last year these factor changes are included in the Private Passenger indications.

6

Exhibit 1, Page 6


The proposed effective date is February 1, 2018. Our target filing date is September 8, 2017, which is one day past last year’s filing date, because statute says we cannot file more than once in any 12-month period. TDI has 30 days to act on our filing, and can extend that timeline by an additional 30 days, which we expect they’ll do. Because our changes by coverage do not exceed 5%, a hearing is not required. Once the filing is made, TAIPA also plans to provide OPIC with a courtesy copy. It was moved by Thomas Rolling and seconded by David Weber to:

“Authorize Counsel and Mike Miller to make the rate filing as indicated on September 8th, with copy to the appropriate parties, and also to direct Counsel and Mike Miller to make any necessary changes that may be required in response to TDI.”

The motion carried with ten in favor, three opposed (Awalt, Hausman, Hogan), and one abstention (Jackson).

ITEM 10: 2018 MEETING DATES (EXHIBIT 9)

The 2018 meetings are show in Exhibit 9. It was asked if the March 2018 meeting coincides with Spring Break or SXSW, as flights and hotels are more expensive during those events. The meeting is not during SXSW, but TAIPA staff will check if it’s during Spring Break, and if so, will reschedule.

ITEM 11: NEXT MEETING—NOVEMBER 17, 2017 AT OMNI AUSTIN SOUTHPARK

The next Governing Committee meeting is November 17, 2017 at the Omni Austin Southpark Hotel. TAIPA staff has received some comments regarding the full teleconference meetings in August possibly not being as desirable as initially thought. As such, TAIPA staff will be sending out an anonymous survey to everyone, and we’ll make adjustments as needed based on the survey results.

ITEM 12: MANAGER TRANSITION SUBCOMMITTEE REPORT

Thomas Rolling presented the Manager Transition Subcommittee Report.

At the last Governing Committee meeting, the Manager Transition Subcommittee was assigned two tasks:

1. To review the Policies & Procedures Manual in conjunction with the new positions Stacy Dutton and Nicole Morgan were appointed to, and to review the open door policy, and to come back with any recommendations by the next Governing Committee meeting.

2. To work with the Association Manager and Intelligent Compensation, relative to the remaining jobs and operations within TAIPA, and to come back with any recommendations by the next Governing Committee meeting.

7

Exhibit 1, Page 7

Exhibit 1, Page 8

Exhibit 3, Page 1

Private Passenger Commercial

EASi Applications 249 16

Paper Applications 1 0

Total Applications Received 250 16

Applications Assigned 246 16

Apps Returned for Correction 4 0

Applications Deficient 13 3

Applications with SR-22s 11 0

282

266

Private Passenger Commercial

EASi Applications 2754 304

Paper Applications 1 2

Total Applications Received 2755 306

Applications Assigned 2697 296

Apps Returned for Correction 56 10

Applications Deficient 243 42

Applications with SR-22s 117 0

2,818

3,061

8.62%

1994: 716,036 2002: 66,153 2010: 8,725

1995: 461,059 2003: 74,506 2011: 7,364

1996: 214,744 2004: 47,434 2012: 5,898

1997: 95,461 2005: 31,517 2013: 4,708

1998: 55,041 2006: 23,634 2014: 3,628

1999: 47,108 2007: 16,780 2015: 3,217

2000: 44,945 2008: 12,896 2016: 3,089

2001: 53,477 2009: 10,299

*Application Assignment History based on applications assigned, not received.

YTD Percent Change from Oct. 2016 to Oct. 2017:

Monthly Total (Oct. 2017)

Total Applications Received in Oct. 2016:

Total Applications Received in Oct. 2017:

Year to Date Total (as of Oct. 2017)

Total Applications Received YTD (as of Oct. 2016):

Total Applications Received YTD (as of Oct. 2017):

Application Assignment History*

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o a

tten

d t

he

seco

nd m

eeti

ng;

wil

l en

d u

nder

budget

.

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bco

mm

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e M

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ng

s2

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02

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cer

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iew

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o P

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ff T

ravel

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75

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00

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%N

ot

all

the

clas

ses

budget

ed f

or

wil

l en

d u

p b

eing t

aken

.

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al E

xp

ense

s3

1,0

81

37

,20

06

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94

9,6

00

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%

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rk o

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ng b

egan

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une

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ple

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e w

as n

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uch

work

rela

ted

to

th

e le

gis

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ve

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ion a

s ex

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ted;

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e not

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or

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es/q

ues

tions.

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dit

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pen

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58

17

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32

3,1

00

88

.56

%H

ave

alre

ady

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rred

all

annual

audit

expen

se.

20

17

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ea

r T

o D

ate

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as

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n A

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er 3

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17

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AL

VS

. B

UD

GE

T

Exhibit 3, Page 1

20

17

An

nu

al

Actu

al

Bu

dg

et

Va

ria

nce

Bu

dg

et

% U

sed

Reaso

n f

or V

aria

nce

20

17

Y

ea

r T

o D

ate

Du

es,

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bsc

rip

tio

ns

& P

ub

lica

tio

ns

99

21

,20

02

08

1,6

00

61

.99

%S

ub

scri

pti

on

ren

ewal

s did

not

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as

much

as

expec

ted;

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l en

d u

nder

-budget

.

TA

IPA

Tra

dit

ion

, V

isit

or

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ls &

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ts1

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92

,02

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00

54

.77

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ts a

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ater

in t

he

year

; ex

pec

t to

end o

n b

udget

.

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tem

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nsu

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ts3

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32

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54

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00

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ith

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e.

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er2

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aniz

atio

nal

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iew

took p

lace

in t

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ter

of

the

year

. E

xpen

ses

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e budget

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ed o

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ast

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w i

n 2

013,

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o

per

form

ed w

ork

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pla

int

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cedure

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h w

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ted.

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er0

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ses

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%

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atio

n7

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00

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ith

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izat

ion

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n (

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siti

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ld a

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00

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e'd

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ect

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e a

t 75%

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nd

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perio

d.

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T F

RO

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PE

RA

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NS

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per

atin

g P

ensi

on

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sts

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00

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Pen

sio

n a

dju

stm

ent

wil

l not

be

mad

e unti

l ye

aren

d.

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7,3

96

-11

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57

8,8

71

-15

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0

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PIT

AL

BU

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ET

So

ftw

are

Dev

elo

pm

ent

in P

rog

ress

00

00

0.0

0%

No

so

ftw

are

dev

elopm

ent

expen

dit

ure

s th

is y

ear.

Off

ice

Fu

rnit

ure

& E

qu

ipm

ent

00

00

0.0

0%

No

fu

rnit

ure

& f

ixtu

re e

xpen

dit

ure

s th

is y

ear.

Co

mp

ute

r E

qu

ipm

ent

00

00

0.0

0%

No

co

mp

ute

r eq

uip

men

t ex

pen

dit

ure

s th

is y

ear.

Co

mp

ute

r S

oft

war

e0

00

00

.00

%N

o c

om

pu

ter

soft

war

e ex

pen

dit

ure

s th

is y

ear.

Lea

seh

old

Im

pro

vem

ents

00

00

0.0

0%

No

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seh

old

im

pro

vem

ent

expen

dit

ure

s th

is y

ear.

TO

TA

L0

00

00

.00

%

NO

TE

: It

ems

tha

t a

re c

on

sid

ered

"w

ith

in r

an

ge"

are

wit

hin

5%

or

$5

,00

0 o

f th

e ex

pec

ted

yea

r-to

-da

te b

ud

get

.

Exhibit 3, Page 2

ASSETS

Current Assets

Cash and cash equivalents 409,236$

Accounts receivable 7,980

Prepaid expenses 26,431

Total current assets 443,648

Security Deposits 5,379

Property and Equipment

Furniture and equipment "38,921

Computer equipment 23,762

Leasehold improvements 50,007

Computer software 34,858

147,549

Less accumulated depreciation 122,347

25,203

Total assets 474,230

LIABILITIES AND NET ASSETS

Current Liabilities

Accounts payable 10,858

Accrued vacation 39,113

Accrued payroll liabilities 15,389

Deferred revenue 249,414

Total current liabilities 314,775

Other Liabilities

Accrued pension benefit costs 314,442

Deferred lease benefit 17,564

Total other liabilities 332,006

Net (Deficiency) Assets

Unrestricted (172,550)

Total net assets (172,550)

Total liabilities and net assets 474,230$

Statement of Financial Position

As Of September 30, 2017

Unaudited

Texas Auto Ins. Plan Assoc.

Exhibit 3, Page 3

Changes in unrestricted net assets

Current

Revenues YTD

Member assessments 747,686$

Interest income 471

Assessment penalties 3,458

Total revenues 751,614

Expenses

Salaries and related expenses 407,202

Occupancy expenses 106,195

Professional Services 108,509

Depreciation & amortization 11,437

Postage and delivery 16,497

Office supplies and expense 10,650

Governing committee 11,014

Computer supplies & expenses 3,737

Subcommittee meetings 2,500

Staff education & seminars 2,617

Miscellaneous 1,390

Staff expense 1,479

Dues and subscriptions 992

Total operating expenses 684,218

Other revenues (expenses)

Total other revenue (expenses) -

Increase (decrease) in unrestricted net assets 67,396

Net assets (deficiency) at beginning of year (239,947)

Net assets (deficiency) as of September 30, 2017 (172,550)$

Texas Auto Ins. Plan Assoc.Statement of Activities

For the period ended September 30, 2017

Unaudited

Exhibit 3, Page 4

TAIPA

Exhibit 9TEXAS

AUTOMOBILE INSURANCE PLAN ASSOCIATION

ADMINISTRATION CITYVIEW BLDG. 3 • 1120 S. CAPITAL OF TEXAS HWY., STE. 105 • AUSTIN, TX 78746-6464 P.O. BOX 162890 • AUSTIN, TX 78716-2890

TEL. 512/444-4441 • FAX 512/444-7368 http://www.taipa.org

2018 SCHEDULED GOVERNING COMMITTEE MEETING DATES

Friday, March 23, 2018 Omni Austin Southpark

Friday, August 17, 2018 Omni Austin Southpark

Friday, November 16, 2018 Omni Austin Southpark

Exhibit 45

TEXAS AUTOMOBILE INSURANCE PLAN ASSOCIATION

A teleconference line will be available for those who are unable to attend in-person.

TAIPA PP

Over/Und

er Rep

ort

10/05/2017

COMP

ANY

PRIV

ATE

PASS

ENGE

R

21ST

CEN

TURY

CEN

TENN

IAL

INS

CO (S

C)

248,5

6827

3,200

279,6

7228

0,342

254,5

3330

1,929

ACE

AMER

ICA

247,6

1624

6,672

245,8

0024

4,859

244,5

2424

4,143

AFFI

RMAT

IVE

INS

CO

2,446

2,733

2,832

RCVR/CO Restricted

ALFA

SPE

CIAL

TY IN

S CO

RP68

962

942

888

140

198

ALLS

TATE

INS

CO

89,14

485

,156

93,35

690

,642

77,57

7En

tere

d LA

D

AMER

MER

CURY

INS

CO

602

616

3,313

1,954

1,884

3,129

ASSU

RANC

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RICA

INS

CO46

845

5658

Ente

red

LAD

COLO

NIAL

LLO

YDS

1,277

1,277

1,277

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red

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S CO

New

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quot

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ANCE

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FREE

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F W

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New

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quot

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red

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RNME

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85,87

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93,72

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3,961

443,4

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3,407

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2,883

442,5

80

2nd

QTR

2017

Year

End

2016

1st Q

TR 20

17Ye

arEn

d 20

15Ye

arEn

d 20

14Ye

arEn

d 20

13

UNDR

OVE

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OVE

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OVE

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OVE

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OVE

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OVE

R

Page 1

Exhibit 5, Page 1

TAIPA PP

Over/Und

er Rep

ort

10/05/2017

COMP

ANY

PRIV

ATE

PASS

ENGE

R

2nd

QTR

2017

Year

End

2016

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TR 20

17Ye

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d 20

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d 20

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13

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OVE

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OVE

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OVE

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OVE

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OVE

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OVE

R

HOME

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RS O

F AM

ER IN

S CO

4,4

564,6

374,6

394,6

394,6

394,6

39

WD/CO Restricted

HOUS

TON

GENE

RAL

INS

EXCH

3,0

063,0

06W

ent i

nto

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age

Storage‐‐ YE 2015

ICM

INS

CO0

1313

1313

13

Rcvr/CO Restricted

IMPE

RIAL

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CAS

1,461

1,417

1,395

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me

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ped

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e


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Page 2

Exhibit 5, Page 2

TAIPA PP

Over/Und

er Rep

ort

10/05/2017

COMP

ANY

PRIV

ATE

PASS

ENGE

R

2nd

QTR

2017

Year

End

2016

1st Q

TR 20

17Ye

arEn

d 20

15Ye

arEn

d 20

14Ye

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13

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OVE

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OVE

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OVE

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OVE

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R

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age


SOUT

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CO

293

293

Wen

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eStorage‐‐ YE 2015

STAR

R IN

DEMN

ITY

& LI

ABIL

ITY

CO93

995

595

595

595

595

5

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STAT

E FA

RM M

UT A

UTO

INS

CO

196,2

1620

3,426

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9317

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189,1

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(prio

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318

324

324

324

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WD/CO Restricted

TEXA

S FA

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68

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59,92

255

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53,79

667

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e


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ERSA

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ICA

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to

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WD/CO Restricted

WIN

DHAV

EN N

ATIO

NAL

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CO

(103

48 A

TX

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IER

INS

CO)

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to

quot

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165

204

234

YOUN

G AM

ERIC

A IN

S CO

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LS1,0

23,67

81,0

23,67

81,0

23,61

21,0

23,61

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20,65

31,0

20,65

31,0

19,41

11,0

19,41

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17,45

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5

PREM

IUMS

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57 2n

d qt

r1,9

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055

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8

Page 3

Exhibit 5, Page 3

TAIPA OTP

P Over/Und

er Rep

ort

10/05

/201

7

COMP

ANY

OTHE

R TH

AN P

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TE P

ASSE

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BAN

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F FL

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INS

RISK

RET

. GRP

13,11

116

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16,74

316

,743

16,74

316

,743

Ret. Grp./Restricted

AMER

MER

CURY

INS

CO

12,37

115

,785

3,488

4,296

4,823

8,074

AMER

MOD

ERN

HOME

INS

CO

428

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red

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23

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me

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ped

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NAT

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OP &

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128

614

1,118

1,522

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me

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ped

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ROA

D IN

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519

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ICAN

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ETY

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C.26

2626

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me

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ped

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ICAN

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LDER

S IN

S CO

(pre

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ociat

ion

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Co)

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325

932

0En

tere

d CL

AD

BRIT

ISH

AMER

ICAN

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15,56

515

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16,24

62,9

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743,8

87

CLAR

ENDO

N NA

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AL IN

S CO

51

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9W

ent i

nto

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age


COLU

MBIA

INS

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1,233

1,222

1,222

Beca

me

grou

ped

2nd

QTR

2017

Year

End

2016

Year

End

2015

Year

End

2014

Year

End

2013

Beca

me u

ngro

uped

(co

w/ q

uota

mov

ed to

Di

amon

d St

ate)

1st Q

TR 20

17

OVE

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OVE

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OVE

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OVE

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OVE

ROVE

ROVE

ROVE

RUNDR

OVE

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OVE

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OVE

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OVE

RUNDR

OVE

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OVE

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OVE

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OVE

RUNDR

OVE

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OVE

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OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

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OVE

RUNDR

OVE

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Page 1

Exhibit 5, Page 4

TAIPA OTP

P Over/Und

er Rep

ort

10/05

/201

7

COMP

ANY

OTHE

R TH

AN P

RIVA

TE P

ASSE

NGER

2nd

QTR

2017

Year

End

2016

Year

End

2015

Year

End

2014

Year

End

2013

1st Q

TR 20

17

OVE

RUNDR

OVE

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OVE

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OVE

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OVE

ROVE

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ROVE

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OVE

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OVE

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OVE

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OVE

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OVE

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OVE

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OVE

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OVE

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OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

COLU

MBIA

MUT

INS

CO

04,6

277,2

27En

tere

d CL

AD

CORE

POIN

TE IN

S CO

(pre

v Chr

ysler

&

Daim

lerch

rysle

r) 39

,102

39,98

240

,259

Ente

red

CLAD

DONE

GAL

MUT

INS

CONe

w to

qu

ota

680

GENE

RAL

STAR

NAT

IONA

L IN

S CO

5959

5959

5959


GLOB

AL L

IBER

TY IN

S CO

OF

NYNe

w to

qu

ota

3446

2En

tere

d CL

AD

GOVE

RNME

NT E

MPLO

YEES

INS

CO

21,36

624

,021

25,70

726

,691

24,96

923

,534

GRAM

ERCY

INS

CO

9,371

9,371

9,371

9,371

9,371

9,371

RCVR / CO Restricted;Storage 2017

GREA

T MI

DWES

T IN

S CO

2,507

Beca

me

grou

ped

HARL

EYSV

ILLE

INS

CO16

0Be

cam

e gr

oupe

d

HISC

OX IN

S CO

INC

New

to

quot

a2

232

800

Ente

red

CLAD

HOUS

ING

ENTE

RPRI

SE IN

S CO

INC

1323

3338

Ente

red

CLAD

INTE

GON

NATI

ONAL

INS

CO1,6

73,49

21,6

87,95

21,6

89,03

5

LINC

OLN

GENE

RAL

73

,631

73,63

1W

ent i

nto

Stor

age


MAID

STON

E IN

SURA

NCE

COMP

ANY

(pre

v AU

TOON

E IN

S CO

& P

enn

Gene

ral)

415,7

4541

4,922

414,9

0041

4,900

414,9

0041

4,900

MIDC

ONTI

NENT

CAS

CO

758,8

0575

4,383

750,3

0074

7,924

747,6

1874

7,345

MOTO

RIST

S CO

MM M

UT IN

S CO

(pre

v Am

er

Hard

ware

Mut

Ins C

o)28

,801

28,22

327

,828

27,56

127

,482

27,41

4

NATI

ONAL

BUI

LDER

S IN

S CO

9116

020

223

6Be

cam

e gr

oupe

d

Page 2

Exhibit 5, Page 5

TAIPA OTP

P Over/Und

er Rep

ort

10/05/20

17

COMP

ANY

OTHE

R TH

AN P

RIVA

TE P

ASSE

NGER

2nd

QTR

2017

Year

End

2016

Year

End

2015

Year

End

2014

Year

End

2013

1st Q

TR 20

17

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

ROVE

ROVE

ROVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

NATI

ONAL

LIA

BILI

TY &

FIR

E IN

S CO

(SC)

1,513

,719

1,535

,081

1,600

,794

Ente

red

CLAD

NAVI

GATO

RS IN

S CO

189

813

1,579

Ente

red

CLAD

NORT

H AM

ER S

PECI

ALTY

INS

CO24

3240

70En

tere

d CL

AD

OKLA

HOMA

SUR

ETY

CO

684,5

7568

4,364

684,1

7568

3,103

682,5

2468

2,034

PENN

MAN

UFAC

TURE

RS A

SSN

INS

CO

606

Ente

red

CLAD

Ente

red

New

CLAD

PREF

ERRE

D PR

OFES

SION

AL IN

S CO

920

1,119

1,309

1,516

Ente

red

CLAD

QUAL

ITAS

INS

CO25

0En

tere

d CL

AD

REP

WES

T IN

S CO

(REP

UBLI

C W

ESTE

RN IN

S CO

) 32

4148

Ente

red

CLAD

RIVE

RPOR

T IN

S CO

4479

8383

8383

RURA

L TR

UST

INS

CO91

Ente

red

CLAD

SAFE

TY N

ATL

CAS

CORP

619

Ente

red

CLAD

SAMS

UNG

FIRE

& M

ARIN

E IN

S CO

New

to

quot

a79

Ente

red

CLAD

SENE

CA IN

S CO

3

9324

234

3En

tere

d CL

AD

STAT

E FA

RM M

UT A

UTO

INS

CO

194,2

0618

5,682

154,5

1613

7,542

123,6

9511

9,060

TEXA

S FA

RM B

UREA

U CA

S IN

S CO

(pre

v Sou

ther

n Fa

rm B

ur)

40,57

545

,183

43,80

641

,727

44,17

442

,311

TEXA

S HO

SPIT

AL IN

S EX

CH

10,89

511

,191

11,52

111

,836

11,93

512

,020

TNUS

INS

CONe

w to

qu

ota

1637

49Be

cam

e gr

oupe

d

Page 3

Exhibit 5, Page 6

TAIPA OTP

P Over/Und

er Rep

ort

10/05/20

17

COMP

ANY

OTHE

R TH

AN P

RIVA

TE P

ASSE

NGER

2nd

QTR

2017

Year

End

2016

Year

End

2015

Year

End

2014

Year

End

2013

1st Q

TR 20

17

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

ROVE

ROVE

ROVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

OVE

RUNDR

TORU

S NA

TION

AL IN

S CO

(chg

'd to

Sta

rsto

ne N

at'l

Ins C

o 11

/24/15

)40

0En

tere

d CL

ADEn

tere

d Ne

w CL

AD

TRAN

S PA

CIFI

C IN

S CO

New

to

quot

a16

Beca

me

grou

ped

TRIS

TATE

INS

CO O

F MN

4Be

cam

e gr

oupe

d

TRIU

MPHE

CAS

CO

New

to

quot

a13

913

9En

tere

d CL

AD

ULLI

CO C

AS C

O68

61,2

911,2

911,2

911,2

911,2

91

RCVR / CO Restricted; Storage YE

2017

UNIT

RIN

AUTO

& H

OME

INS

CO

32,15

932

,159

Wen

t int

o St

orag

e


TOTA

LS1,9

75,07

11,9

75,07

11,9

74,48

91,9

74,48

91,9

07,62

01,9

07,62

01,9

03,17

21,9

03,17

21,9

00,36

71,9

00,36

71,8

99,11

41,8

99,11

4

PREM

IUMS

CRE

DITE

D47

9,062

2nd

qtr

1,923

,849

1,993

,432

1,987

,161

1,777

,884

574,8

18 1s

t qtr

Page 4

Exhibit 5, Page 7

texas automobile insurance plan association...

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