Sec. 2203.202. RATE STANDARDS. (a) In determining rates, rating plans, rating rules, rating classifications, territories, and policy forms, the association shall consider:
(1) the past and prospective loss and expense experience for medical professional liability insurance, inside and outside this state, of all of the association members;
(2) trends in the frequency and severity of losses;
(3) the association's investment income; and
(4) other information the commissioner may require.
(b) Rates, rating plans, and rating rules must be based on:
(1) the association's loss and expense experience; and
(2) other information based on that experience the department considers appropriate.
(c) The resultant premium rates must be:
(1) actuarially sound; and
(2) computed to be self-supporting.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
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