Tex. Ins. Code § 3502.101 · Subchapter C. FORMS AND RATES
RATE FILINGS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Not later than the 15th day before the date a mortgage guaranty insurer uses a rate or supplementary rate information in this state, the insurer must file the rate and supplementary rate information, and any changes to the rate or supplementary rate information, with the department.
(b) The rate filing must include adequate supporting data, including:
(1) information on:
(A) past and prospective loss experience in this state and outside the state;
(B) catastrophe hazards;
(C) expenses of operation; and
(D) a reasonable margin for profit and contingencies;
(2) an explanation of the insurer's interpretation of any statistical data on which the insurer relied;
(3) an explanation and description of the methods used in making the rates; and
(4) certification by an appropriate official of the insurer relating to the appropriateness of the charges, rates, or rating plans based on reasonable assumptions and accompanied by adequate supporting information.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, 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.3502.htm
- Text hash
- sha256 3eef62545b9022feed7033e5eba91247dea00171ce0029684dae36ffd8220cdb
- 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.