Sec. 2251.155. RATE FILING APPROVAL BY COMMISSIONER; USE OF RATE. (a) The commissioner shall approve a rate filing under this subchapter if the proposed rate is adequate, not excessive, and not unfairly discriminatory.
(b) If the commissioner approves a rate filing under this section, the commissioner shall provide the insurer with a written or electronic notification of the approval. The insurer may use the rate on receipt of the approval notice.
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 D. Prior Approval of Rates Under
Section 2251.151. Requirement to File Rates for Prior Approval Under Certain Circumstances
Section 2251.152. Rate Approval Required; Exception
Section 2251.153. Commissioner Action
Section 2251.155. Rate Filing Approval by Commissioner; Use of Rate
Section 2251.156. Rate Filing Disapproval by Commissioner; Hearing