Section 2205.303 - Rates and Limits of Coverage(a) To ensure that the pool is actuarially sound, the board shall: (1) set the premium rates charged; and(2) determine the maximum limits of coverage provided.(b) The pool manager, for the board's consideration, shall:(1) collect and compile statistical information relating to the liability coverage provided by the pool, including relevant loss, expense, and premium information, and other necessary information;(2) prepare the proposed premium rate schedules for the approval of the board; and(3) prepare the maximum limits of coverage.(c) The board shall periodically reexamine the rate schedules and the maximum limits of coverage.(d) The pool manager shall make available to the public the information described by Subsection (b)(1).Tex. Ins. Code § 2205.303
Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.