Texas Department of Insurance

COMMISSIONER'S BULLETIN #B-0032-06

August 18, 2006

TO:

SELECTED MUTUAL AND STOCK LIFE AND HEALTH INSURANCE COMPANIES

RE: CALL FOR 2005 REPORT ON COMMUNITY INVESTMENTS IN THE STATE OF TEXAS

The attached mandatory call is being issued pursuant to Sec. 38.001 of the Texas Insurance Code (the Code).  This information will be the basis for a report required under Section 3A of Article 3.33 of the Code, which requires the Texas Department of Insurance (Department) to present a report to the Legislature on the industry's community investments in Texas.

All life and health insurers with $10 million or more of written premium in Texas in 2005 are required to provide information on Texas-only investments in real estate, commercial mortgages, residential mortgages and development bonds.  As the Department believes there is particular public interest in investments that benefit economically disadvantaged areas, companies are strongly encouraged to provide information on investments meeting the Defined Regions criteria outlined in the Instructions section of this data call. Reporting on investments in Texas through federal agencies such as FHA, Texas corporate stocks and bonds, deposits in Texas financial institutions, and contributions and other social investment programs is optional. This call covers the 2005 calendar year and must be completed and returned in accordance with instructions by not later than October 1, 2006.

Failure to comply with the requirements of this call within the time limits specified may constitute a violation or violations of Texas Insurance Code and may subject the insurer to the penalties provided by law.

For additional information, contact Karen Ranspot at (512) 475-3022.

C. H. Mah

Senior Associate Commissioner

Property & Casualty

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