By:  Haggerty (Senate Sponsor - Lucio)                            H.B. No. 2437
	(In the Senate - Received from the House May 16, 2005; 
May 17, 2005, read first time and referred to Committee on Business 
and Commerce; May 20, 2005, reported favorably by the following 
vote:  Yeas 6, Nays 0; May 20, 2005, sent to printer.)


A BILL TO BE ENTITLED

AN ACT


relating to rate regulation of certain insurers writing personal 
automobile insurance.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 13, Article 5.13-2, Insurance Code, is 
amended by adding Subsection (h) to read as follows:
	(h)  An insurer is subject to the filing requirements 
determined by the commissioner by rule under Subsection (f) of this 
section if:
		(1)  the insurer, along with the insurer's affiliated 
companies or group, issues personal automobile liability insurance 
policies only below 101 percent of the minimum limits required by 
Chapter 601, Transportation Code; and
		(2)  the insurer, along with the insurer's affiliated 
companies or group, has a market share of less than 3.5 percent of 
the personal automobile insurance market in this state.
	SECTION 2.  This Act takes effect immediately if it receives 
a vote of two-thirds of all the members elected to each house, as 
provided by Section 39, Article III, Texas Constitution.  If this 
Act does not receive the vote necessary for immediate effect, this 
Act takes effect September 1, 2005.



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