Sec. 2209.304. RATES AND LIMITS OF COVERAGE. (a) To ensure that the pool is actuarially sound, the board shall:
(1) set the premium rates charged; and
(2) determine the maximum limits of coverage provided.
(b) The pool manager, for the board's consideration, shall:
(1) collect and compile statistical data relating to the liability insurance coverage provided by the pool, including relevant loss, expense, and premium data, and other information;
(2) prepare the proposed premium rate schedules for the approval of the board; and
(3) prepare the maximum limits of coverage.
(c) The board shall periodically reexamine the rate schedules and the maximum limits of coverage as conditions change.
(d) The pool manager shall make available to the public the information described by Subsection (b)(1).
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 G - Pools, Groups, Plans, and Self-Insurance
Chapter 2209 - Texas Nonprofit Organizations Liability Pool
Section 2209.301. Scope of Coverage
Section 2209.302. Coverage on Claims-Made Basis
Section 2209.303. Punitive Damages Not Covered
Section 2209.304. Rates and Limits of Coverage
Section 2209.305. Coverage Period
Section 2209.306. Nonrenewal of Coverage