Tex. Ins. Code § 3502.102 · Subchapter C. FORMS AND RATES
RATE STANDARDS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A mortgage guaranty insurance rate, rating plan, or charge may not be excessive, inadequate, or unfairly discriminatory and must be reasonable with respect to the benefits provided.
(b) This chapter does not require the department to:
(1) establish standard and absolute rates or a single and uniform rate for each risk or risks; or
(2) compel all insurers to adhere to rates previously filed by other insurers.
(c) The department may accept different rates for different insurers for the same risk or risks on mortgage guaranty insurance. The department may accept different rates for different insurers as filed by any authorized insurer unless the department finds that the filing does not meet the requirements of this chapter.
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 dc8179d16001de4d876e524dee6899d18b85efdfba77484ca678d47bfcfc4bf3
- 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.