Sec. 2151.201. RATE STANDARDS. Rates for insurance provided under this chapter must be:
(1) just, reasonable, adequate, not excessive, not confiscatory, and not unfairly discriminatory for the risks to which the rates apply; and
(2) sufficient to carry all claims to maturity and meet the expenses incurred in the writing and servicing of the business.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Section: Previous 2151.101 2151.102 2151.103 2151.151 2151.152 2151.153 2151.154 2151.201 2151.202 2151.2021 2151.2022 2151.2023 2151.203 2151.204 2151.2041 NextLast modified: September 28, 2016