Sec. 2251.101. RATE FILINGS AND SUPPORTING INFORMATION. (a) Except as provided by Subchapter D, for risks written in this state, each insurer shall file with the commissioner all rates, applicable rating manuals, supplementary rating information, and additional information as required by the commissioner. An insurer may use a rate filed under this subchapter on and after the date the rate is filed.
(b) The commissioner by rule shall:
(1) determine the information required to be included in the filing, including:
(A) categories of supporting information and supplementary rating information;
(B) statistics or other information to support the rates to be used by the insurer;
(C) information necessary to evidence that the computation of the rate does not include disallowed expenses for personal lines; and
(D) information concerning policy fees, service fees, and other fees that are charged or collected by the insurer under Section 550.001 or 4005.003; and
(2) prescribe the process through which the department requests supplementary rating information and supporting information under this section, including:
(A) the number of times the department may make a request for information; and
(B) the types of information the department may request when reviewing a rate filing.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1147 (H.B. 1951), Sec. 3.005, eff. September 1, 2011.
Acts 2015, 84th Leg., R.S., Ch. 42 (S.B. 784), Sec. 1.03, eff. September 1, 2015.
Sec. 2251.102. FILING REQUIREMENTS FOR INSURERS WITH LESS THAN FIVE PERCENT OF MARKET. In determining filing requirements under Section 2251.101 for an insurer with less than five percent of the market, the commissioner shall consider insurer and market-specific attributes, as applicable. The commissioner shall determine filing requirements for those insurers accordingly to accommodate premium volume and loss experience, targeted markets, limitations on coverage, and any potential barriers to market entry or growth.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Section: Previous 2251.004 2251.005 2251.006 2251.007 2251.008 2251.051 2251.052 2251.101 2251.1025 2251.103 2251.1031 2251.104 2251.105 2251.106 2251.107 NextLast modified: September 28, 2016