Sec. 2054.252. AMOUNTS OF RATES. Rates charged by the company for insurance must be set in amounts sufficient, when invested, to:
(1) carry all claims to maturity;
(2) meet the reasonable expenses of conducting the company's business; and
(3) maintain a reasonable surplus.
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 E - Workers' Compensation Insurance
Chapter 2054 - Texas Mutual Insurance Company
Subchapter F. General Powers and Duties Relating to Insurance
Section 2054.251. Ratemaking Authority
Section 2054.252. Amounts of Rates
Section 2054.253. Multitiered Premium Systems
Section 2054.254. Cash Dividends; Credit on Renewal Premium
Section 2054.255. Appointment of Agent Not Required