Tex. Ins. Code § 2251.152 · Subchapter D. PRIOR APPROVAL OF RATES UNDER CERTAIN CIRCUMSTANCES
RATE APPROVAL REQUIRED; EXCEPTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An insurer subject to this subchapter may not use a rate until the rate has been filed with the department and approved by the commissioner in accordance with this subchapter.
(b) Notwithstanding Subsection (a), after a rate filing is approved under this subchapter, an insurer, without prior approval of the commissioner, may use any rate subsequently filed by the insurer if the subsequently filed rate does not exceed the lesser of:
(1) 107.5 percent of the rate approved by the commissioner; or
(2) 110 percent of any rate used by the insurer in the previous 12-month period.
(c) Filed rates under Subsection (b) take effect on the date specified by the insurer.
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.2251.htm
- Text hash
- sha256 ff40f041af3fd08446c6db34af805d74780be88ea1244499eba9be4d5c0d0fec
- 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.