Texas Insurance Code - Not Codified - Article 5.29. Schedule And Report
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Art. 5.29. SCHEDULE AND REPORT. (a) The rates of premium
fixed by said Board in pursuance of the provision of this subchapter
shall be at all times reasonable and the schedules thereof made and
promulgated by said Board shall be in such forms as will in the
judgment of the Board most clearly and in detail disclose the rate
so fixed and determined by said Board to be charged and collected
for policies of fire insurance. Said Board may employ and use any
facts obtainable from and concerning fire insurance companies
transacting business in this State, showing their expense and
charges for fire insurance premiums for any period or periods said
Board may deem advisable, which in their opinion will enable them to
devise and fix and determine reasonable rates of premiums for fire
insurance. The said Board in making and publishing schedules of the
rates fixed and determined by it shall show all charges, credits,
terms, privileges and conditions which in anywise affect such
rates, and copies of all such schedules shall be furnished by said
Board to any and all companies affected by this subchapter applying
therefor, and the same shall be furnished to any citizens of this
State applying therefor, upon the payment of the actual cost
thereof. No rate or rates fixed or determined by the Board shall
take effect until it shall have entered an order or orders fixing
and determining same, and shall give notice thereof to all fire
insurance companies affected by this subchapter, authorized to
transact business in the State. The Board, and any inspector or
other agent or employee thereof, who shall inspect any risk for the
purpose of enabling the Board to fix and determine the reasonable
rate to be charged thereon, shall furnish to the owner of such risk
at the date of such inspection a copy of the inspection report,
showing all defects that may operate as charges to increase the
insurance rate.
(b) Notwithstanding Subsection (a) of this article, on and
after the effective date of S.B. No. 14, Acts of the 78th
Legislature, Regular Session, 2003, rates for homeowners and
residential fire and residential allied lines insurance coverage
under this subchapter are determined as provided by Subchapter Q of
this chapter, and rates for other lines of insurance subject to this
subchapter are determined as provided by Article 5.13-2 of this
code, except that on and after December 1, 2004, rates for all lines
of insurance subject to this subchapter are determined as provided
by Article 5.13-2 of this code.
Acts 1951, 52nd Leg., ch. 491.
Amended by Acts 1991, 72nd Leg., ch. 242, Sec. 2.28, eff. Sept. 1,
1991; Subsec. (b) amended by Acts 1991, 72nd Leg., 2nd C.S., ch.
12, Sec. 8.14, eff. Jan. 1, 1992; amended by Acts 1995, 74th Leg.,
ch. 984, Sec. 17, eff. Sept. 1, 1995; Subsec. (b) amended by Acts
1997, 75th Leg., ch. 1330, Sec. 7, eff. Sept. 1, 1997; Subsec. (b)
amended by Acts 2003, 78th Leg., ch. 206, Sec. 21.17, eff. June 11,
2003.
Article: 5.25-2 5.25-3 5.26 5.27 5.28 5.29 5.30 5.31 5.32 5.33 5.33B 5.33B, ante
Art 5.34
Last modified: August 11, 2007
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