Sec. 2251.104. COMMISSIONER DISAPPROVAL OF RATE IN EFFECT; HEARING. (a) The commissioner may disapprove a rate that is in effect only after a hearing. The commissioner shall provide the filer at least 20 days' written notice.
(b) The commissioner must issue an order disapproving a rate under Subsection (a) not later than the 15th day after the close of the hearing. The order must:
(1) specify in what respects the rate fails to meet the requirements of this chapter; and
(2) state the date on which further use of the rate is prohibited, which may not be earlier than the 45th day after the close of the hearing under this section.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1147 (H.B. 1951), Sec. 3.008, eff. September 1, 2011.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle H - Ratemaking in General
Section 2251.101. Rate Filings and Supporting Information
Section 2251.102. Filing Requirements for Insurers With Less Than Five Percent of Market
Section 2251.103. Commissioner Action Concerning Rate Filing Not Yet in Effect; Hearing and Analysis
Section 2251.1031. Requests for Additional Information
Section 2251.104. Commissioner Disapproval of Rate in Effect; Hearing