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Texas Insurance Code - Not Codified - Article 5.02. Authority To Assign Certain Types Or Classes To Appropriate Rating Laws

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Art. 5.02. AUTHORITY TO ASSIGN CERTAIN TYPES OR CLASSES TO APPROPRIATE RATING LAWS. There shall be excluded from regulation under the provisions of this subchapter any insurance against liability for damages arising out of the ownership, operation, maintenance or use of or against loss of or damage to motor vehicles described in the foregoing section which may, in the judgment of the Board, be a type or class of insurance which is also the subject of or may be more properly regulated under the terms or provisions of other insurance rating laws heretofore or hereafter enacted covering such insurance. If such situation shall be found to exist, then the Board shall make an order declaring which of the said rating laws shall be applicable to such type or class of insurance, and to any motor vehicle equipment mentioned in Article 5.01 of this subchapter. Acts 1951, 52nd Leg., ch. 491.

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Last modified: August 11, 2007