Tex. Ins. Code § 2006.053

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2006.053 - Approval of Certain Actuarially Justified Premium Discounts and Rating Programs

The commissioner may approve:

(1) a premium discount filed with the department that is greater or less than the discount specified by Section 2006.052 if the commissioner determines the discount is actuarially justified; or

(2) a rating program filed with the department that is based on claim or loss experience and is not a discount described by Section 2006.052 or Subdivision (1) if the commissioner determines the program is actuarially justified.

Tex. Ins. Code § 2006.053

Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 569,Sec. 3, eff. 9/1/2015.

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.