Sec. 1805.058. PROHIBITED ACTS. (a) An advisory organization may not compile or distribute recommendations for:
(1) rates; or
(2) profit or expenses other than loss adjustment expenses.
(b) An insurer or advisory organization may not:
(1) attempt to monopolize, combine, or conspire with another person to monopolize an insurance market;
(2) engage in a boycott, on a concerted basis, of an insurance market; or
(3) make an agreement with another insurer, advisory organization, or person if the agreement has the purpose or effect of restraining trade unreasonably or substantially lessening competition in the business of insurance.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle A - General Provisions
Chapter 1805 - Joint Underwriting and Advisory Organizations
Subchapter B. Advisory Organizations
Section 1805.051. License Application
Section 1805.052. Issuance of License; Term
Section 1805.053. Information Reported by Advisory Organization
Section 1805.054. Insurer's Authority to Subscribe to Advisory Organization
Section 1805.055. Submission, Receipt, and Use of Information by Insurer
Section 1805.057. Rate Filing Review
Section 1805.058. Prohibited Acts
Section 1805.059. Disciplinary Action