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Texas Insurance Code - Not Codified - Article 5.19. Rate Administration

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Art. 5.19. RATE ADMINISTRATION.                                                

Article repealed effective April 1, 2007
	(a) Recording and Reporting of Loss Experience and Other 
Data.  The Board shall, after due consideration, promulgate 
reasonable rules and statistical plans which may be modified from 
time to time and which shall be used thereafter by each insurer in 
the recording and reporting of its loss experience and such other 
data as may be required, in order that the total loss and expense 
experience of all insurers may be made available at least 
biennially in such form and detail as may be necessary to aid in 
determining whether rating plans comply with the standards set 
forth in this subchapter.  In promulgating such rules and plans, the 
Board shall have due regard for the rating plans used under this 
subchapter, and in order that such rules and plans may be as uniform 
as is practicable, to the rules and to the form of the plans used in 
other states.  The Board may designate other agencies to gather and 
compile such experience.
	(b)  Interchange of Rating Plan Data.  Reasonable rules and 
plans may be promulgated by the Board after due consideration, 
requiring the interchange of loss experience necessary for the 
application of rating plans.
	(c)  Consultation with Other States.  In order to further 
uniform administration of rating laws, the Board and every insurer 
may exchange information and experience data with insurance 
supervisory officials, insurers and rating organizations in other 
states and may consult and cooperate with them with respect to rate 
making and the application of rating systems.
	(d)  Rules and Regulations.  The Board may make reasonable 
rules and regulations necessary to effect the purposes of this 
subchapter.

Acts 1951, 52nd Leg., ch. 491.                                                

Subsecs. (a), (c) amended by Acts 1991, 72nd Leg., ch. 242, Sec. 
2.19, eff. Sept. 1, 1991.

Last modified: August 11, 2007