Sec. 2703.152. FACTORS CONSIDERED IN FIXING PREMIUM RATES. (a) In fixing premium rates, the commissioner shall consider all relevant income and expenses of title insurance companies and title insurance agents attributable to engaging in the business of title insurance in this state.
(b) The premium rates fixed by the commissioner must be:
(1) reasonable as to the public; and
(2) nonconfiscatory as to title insurance companies and title insurance agents.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Structure Texas Statutes
Subtitle E - The Business of Title Insurance
Chapter 2703 - Policy Forms and Premium Rates
Subchapter D. Fixing and Promulgating Premium Rates
Section 2703.151. Fixing and Promulgating Premium Rates
Section 2703.152. Factors Considered in Fixing Premium Rates
Section 2703.153. Collection of Data for Fixing Premium Rates; Annual Statistical Report