Tex. Ins. Code § 1901.053 · Subchapter B. RATE STANDARDS
MODIFICATION OF CLASSIFICATION RATES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An insurer may modify classification rates to produce rates for individual risks in accordance with rating plans that establish standards for measuring variations in hazards or expense provisions.
(b) The standards may measure any difference among risks that can be demonstrated to have a probable effect on losses or expenses.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1901.htm
- Text hash
- sha256 f8f4da8c7130d06d5725c20591d6323192d5e6cc46bd43bbd52dde7485521d47
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.