Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 10. PROPERTY AND CASUALTY INSURANCE |
Subtitle H. RATEMAKING IN GENERAL |
Chapter 2251. RATES |
Subchapter A. GENERAL PROVISIONS FOR RATES |
Sec. 2251.001. PURPOSE
Latest version.
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The purposes of this subchapter and Subchapters B, C, D, and E are to:
(1) promote the public welfare by regulating insurance rates to prohibit excessive, inadequate, or unfairly discriminatory rates;
(2) promote the availability of insurance;
(3) promote price competition among insurers to provide rates and premiums that are responsive to competitive market conditions;
(4) prohibit price-fixing agreements and other anticompetitive behavior by insurers; and
(5) provide regulatory procedures for the maintenance of appropriate information reporting systems.
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 2, eff. April 1, 2007.