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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 H. RATEMAKING IN GENERAL |
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Chapter 2251. RATES |
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Subchapter D. PRIOR APPROVAL OF RATES UNDER CERTAIN CIRCUMSTANCES |
Sec. 2251.156. RATE FILING DISAPPROVAL BY COMMISSIONER; HEARING
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(a) If the commissioner disapproves a rate filing under Section 2251.153(a)(2), the commissioner shall issue an order disapproving the filing in accordance with Section 2251.103(d).
(b) An insurer whose rate filing is disapproved is entitled to a hearing in accordance with Section 2251.103(e).
(c) The department shall track precedents related to disapprovals of rates under this subchapter to ensure uniform application of rate standards by the department.
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 2, eff. April 1, 2007. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1147 , Sec. 3.011, eff. September 1, 2011.