Sec. 1901.053. MODIFICATION OF CLASSIFICATION RATES. (a) An insurer may modify classification rates to produce rates for individual risks in accordance with rating plans that establish standards for measuring variations in hazards or expense provisions.
(b) The standards may measure any difference among risks that can be demonstrated to have a probable effect on losses or expenses.
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 B - Liability Insurance for Physicians and Health Care Providers
Chapter 1901 - Professional Liability Insurance for Physicians and Health Care Providers
Section 1901.051. Considerations in Setting Rates
Section 1901.052. Grouping of Risks
Section 1901.053. Modification of Classification Rates
Section 1901.054. Limitations on Rates
Section 1901.0541. Use in Underwriting of Certain Information Related to Lawsuits; Refund
Section 1901.055. Claim Surcharge