Tex. Ins. Code Section 2251.155
Rate Filing Approval by Commissioner; Use of Rate

(a)

The commissioner shall approve a rate filing under this subchapter if the proposed rate is adequate, not excessive, and not unfairly discriminatory.

(b)

If the commissioner approves a rate filing under this section, the commissioner shall provide the insurer with a written or electronic notification of the approval. The insurer may use the rate on receipt of the approval notice.

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.

Source: Section 2251.155 — Rate Filing Approval by Commissioner; Use of Rate, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2251.htm#2251.155 (accessed Jun. 5, 2024).

2251.001
Purpose 2251.002
Definitions 2251.003
Applicability of Certain Subchapters 2251.004
Regulation of Inland Marine Rates 2251.005
Notice of Rate Increase for Residential Property Insurance Policies 2251.006
Consideration of Certain Other Law 2251.007
Administrative Procedure Act Applicable 2251.008
Annual Report of Insurer 2251.0031
Exceptions for Certain Lines 2251.051
Excessive, Inadequate, and Unfairly Discriminatory Rates 2251.052
Rate Standards 2251.101
Rate Filings and Supporting Information 2251.103
Commissioner Action Concerning Rate Filing Not yet in Effect 2251.104
Commissioner Disapproval of Rate in Effect 2251.105
Grievance 2251.106
Role of Public Insurance Counsel 2251.107
Public Information 2251.151
Requirement to File Rates for Prior Approval Under Certain Circumstances 2251.152
Rate Approval Required 2251.153
Commissioner Action 2251.155
Rate Filing Approval by Commissioner 2251.156
Rate Filing Disapproval by Commissioner 2251.251
Applicability of Subchapter 2251.252
Exemption from Certain Other Law 2251.1031
Requests for Additional Information

Accessed:
Jun. 5, 2024

§ 2251.155’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._ins._code_section_2251.155

Original Source: Section 2251.155 — Rate Filing Approval by Commissioner; Use of Rate, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2251.htm#2251.155 (last accessed Jun. 5, 2024).