Sec. 1901.051. CONSIDERATIONS IN SETTING RATES. (a) In setting rates, an insurer shall consider:
(1) past and prospective loss and expense experience for all professional liability insurance for physicians and health care providers written in this state, subject to Subsection (b);
(2) a reasonable margin for underwriting profit and contingencies;
(3) investment income; and
(4) dividends or savings allowed or returned by the insurer to the insurer's policyholders or members.
(b) If the department finds that the group or risk to be insured is not of sufficient size to be credible, an insurer must also consider in setting rates past and prospective loss and expense experience for all professional liability insurance for physicians and health care providers written outside this state.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Section: Previous 1901.001 1901.002 1901.003 1901.004 1901.005 1901.051 1901.052 1901.053 1901.054 1901.0541 1901.055 1901.056 1901.057 1901.101 1901.102 NextLast modified: September 28, 2016