Tex. Ins. Code § 2151.201

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

Section 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.

Tex. Ins. Code § 2151.201

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