Tex. Ins. Code § 2054.251 · Subchapter F. GENERAL POWERS AND DUTIES RELATING TO INSURANCE
RATEMAKING AUTHORITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by this section, the board may propose rates to be charged by the company for insurance.
(b) The board shall engage the services of an independent actuary who is a member in good standing with the Casualty Actuarial Society or the American Academy of Actuaries to develop and recommend actuarially sound rates.
(c) The company is subject to the requirements of Subchapter A, Chapter 2053, and shall include the recommendations of the independent actuary as part of the company's filing under that subchapter.
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.2054.htm
- Text hash
- sha256 2b6b2a9a0c1d2d88025d20b31642d0ebe7ee2a078be976dadf345d373fde1964
- 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
This section cites
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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.