Sec. 2251.001. PURPOSE. The purposes of this subchapter and Subchapters B, C, D, and E are to:
(1) promote the public welfare by regulating insurance rates to prohibit excessive, inadequate, or unfairly discriminatory rates;
(2) promote the availability of insurance;
(3) promote price competition among insurers to provide rates and premiums that are responsive to competitive market conditions;
(4) prohibit price-fixing agreements and other anticompetitive behavior by insurers; and
(5) provide regulatory procedures for the maintenance of appropriate information reporting systems.
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 H - Ratemaking in General
Subchapter A. General Provisions for Rates
Section 2251.003. Applicability of Certain Subchapters
Section 2251.0031. Exceptions for Certain Lines
Section 2251.004. Regulation of Inland Marine Rates
Section 2251.005. Notice of Rate Increase for Residential Property Insurance Policies
Section 2251.006. Consideration of Certain Other Law
Section 2251.007. Administrative Procedure Act Applicable
Section 2251.008. Annual Report of Insurer; Legislative Report