Tex. Ins. Code § 2053.102

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

Section 2053.102 - Treatment of Payments Under Statistical Plan

A statistical plan developed under Section 2053.101 must require the following payments to be reported separately and not to be considered as a loss or expense for purposes of computing a premium rate modifier or surcharge of an insured:

(1) a direct payment made by an insurance company to influence public policy; and

(2) any amount paid by an insurance company:

(A) as damages in an action against the insurance company for malice or bad faith; or

(B) as a fine or penalty.

Tex. Ins. Code § 2053.102

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