Tex. Ins. Code § 1901.054 · Subchapter B. RATE STANDARDS
LIMITATIONS ON RATES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Rates set under this chapter may not be excessive or inadequate, as described by this section, or unreasonable or unfairly discriminatory.
(b) A rate is not excessive unless the rate is unreasonably high for the insurance coverage provided.
(c) A rate is not inadequate unless the rate is unreasonably low for the insurance coverage provided and:
(1) is insufficient to sustain projected losses and expenses; or
(2) the use of the rate has or, if continued, will have the effect of destroying competition or creating a monopoly.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.034(a), eff. September 1, 2007.
Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.034(a), eff. September 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 ffc7eabffa0104562f327cc81da5dac2af4ba5137c81a3d8ec9dbdab3a069215
- 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.