Texas Insurance Code - Section 2151.203. Recording And Reporting Of Premium, Loss, And Expense Experience
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Texas Laws > Insurance Code > Texas Insurance Code - Section 2151.203. Recording And Reporting Of Premium, Loss, And Expense Experience
Section: 2151.103 2151.151 2151.152 2151.153 2151.154 2151.201 2151.202 2151.203 2151.204 2151.205 2151.206 2151.207 2151.208 2151.209 2151.210
§ 2151.203. RECORDING AND REPORTING OF PREMIUM, LOSS, AND
EXPENSE EXPERIENCE. (a) The commissioner shall adopt reasonable
rules and statistical plans for the recording and reporting of
premium, loss, and expense experience and other required data by
each authorized insurer. The premium, loss, and expense experience
must be reported separately for business assigned to the insurer.
(b) Each authorized insurer shall use the statistical plans
adopted under this section to record and report premium, loss, and
expense experience and other required data in accordance with the
rules adopted by the commissioner.
(c) In approving rates under this subchapter, the
commissioner shall consider the reports collected under the
statistical plan regarding aggregated premiums earned and losses
and expenses incurred in the writing of automobile insurance
through the association.
Added by Acts 2005, 79th Leg., ch. 727, § 2, eff. April 1, 2007.
Last modified: August 11, 2007