Sec. 2251.156. RATE FILING DISAPPROVAL BY COMMISSIONER; HEARING. (a) If the commissioner disapproves a rate filing under Section 2251.153(a)(2), the commissioner shall issue an order disapproving the filing in accordance with Section 2251.103(d).
(b) An insurer whose rate filing is disapproved is entitled to a hearing in accordance with Section 2251.103(e).
(c) The department shall track precedents related to disapprovals of rates under this subchapter to ensure uniform application of rate standards by the department.
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. 3.011, eff. September 1, 2011.
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