Texas Insurance Code - Section 37.053. Effectiveness Of Rate During Appeal
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§ 37.053. EFFECTIVENESS OF RATE DURING APPEAL. (a) An
order of the commissioner that determines, approves, or sets a rate
under this code and that is appealed remains in effect during the
pendency of the appeal. An insurer shall use the rate provided in
the order while the appeal is pending.
(b) The rate is lawful and valid during the appeal, and an
insurer may not be required to make any refund from that rate after
a decision on the appeal is rendered.
(c) If the order is vacated on appeal, the rate established
by the commissioner before the vacated order was rendered remains
in effect from the date of remand until the commissioner makes a
further determination. The commissioner shall consider the court's
order in setting a future rate.
Added by Acts 2003, 78th Leg., ch. 1274, § 12, eff. April 1,
2005.
Section: 36.202 36.203 36.204 36.205 37.001 37.051 37.052 37.053 38.001 38.002 38.003 38.051 38.052 38.101 38.102
Last modified: August 11, 2007
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