Tex. Ins. Code § 2211.056 · Subchapter B. ESTABLISHMENT AND ADMINISTRATION OF FAIR PLAN
FILING AND APPROVAL OF RATES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The association shall file with the commissioner for approval the proposed rates and supplemental rate information to be used in connection with the issuance of insurance policies or endorsements.
(b) The association shall set rates in an amount sufficient to:
(1) carry all claims to maturity; and
(2) meet the expenses incurred in the writing and servicing of the business.
(c) Not later than the 60th day after the date the association files the proposed rates, the commissioner shall enter an order approving or disapproving, wholly or partly, the proposed rates. The commissioner may, on notice to the association, extend the period for entering an order under this section an additional 30 days.
(d) An order disapproving a rate must state:
(1) the grounds for the disapproval; and
(2) the findings in support of the disapproval.
(e) The association may not issue an insurance policy or endorsement until the commissioner approves the rates to be applied to the policy or endorsement.
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.2211.htm
- Text hash
- sha256 54b9fdb953c9d5749bc58c1f70546057d149d92b615d1a9cea4e8a0d17d20c6a
- 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.