Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 10. PROPERTY AND CASUALTY INSURANCE |
Subtitle H. RATEMAKING IN GENERAL |
Chapter 2252. RATE ADMINISTRATION |
Subchapter D. PROHIBITED ACTS |
Sec. 2252.151. PROHIBITED CONDUCT RELATED TO RATES AND PREMIUMS
Latest version.
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(a) A person or organization may not knowingly give false or misleading information to the department or commissioner, an insurer, or any other entity that will in any manner affect the proper determination of rates or premiums.
(b) An insurer or agent who knowingly misrepresents the actual or replacement value of real or personal property to achieve an unfair competitive rate advantage commits an offense.
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 2, eff. April 1, 2007.