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Texas Statutes (Last Updated: January 4, 2014) |
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INSURANCE CODE |
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Title 10. PROPERTY AND CASUALTY INSURANCE |
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Subtitle G. POOLS, GROUPS, PLANS, AND SELF-INSURANCE |
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Chapter 2203. MEDICAL LIABILITY INSURANCE JOINT UNDERWRITING ASSOCIATION |
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Subchapter E. RATES AND POLICY FORMS |
Sec. 2203.202. RATE STANDARDS
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(a) In determining rates, rating plans, rating rules, rating classifications, territories, and policy forms, the association shall consider:
(1) the past and prospective loss and expense experience for medical professional liability insurance, inside and outside this state, of all of the association members;
(2) trends in the frequency and severity of losses;
(3) the association's investment income; and
(4) other information the commissioner may require.
(b) Rates, rating plans, and rating rules must be based on:
(1) the association's loss and expense experience; and
(2) other information based on that experience the department considers appropriate.
(c) The resultant premium rates must be:
(1) actuarially sound; and
(2) computed to be self-supporting.