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Amend CSHB 1, in Article VIII of the bill, in Rider 12
following the appropriation to the Texas Department of Insurance
(page VIII-32), by inserting the following at the end of the rider:
The legislature intends that the website include a list of
each insurer writing residential property insurance or personal
automobile insurance in this state and a description of each type of
residential property insurance and personal automobile insurance
policy issued in the state, including a comparison of the coverage,
exclusions, and restrictions of each policy and a format that
allows a side-by-side comparison of the features of the policy
forms. The website should also include sample rates for different
policyholder profiles in each county or ZIP code.
It is the intent of the legislature that the department
report quarterly to the legislature and the public, beginning with
a report for the quarter ending December 1, 2007, and thereafter
not later than the 60th day after the last day of the quarter
covered by the report the following information for each insurer
that writes a line of insurance in the state: market share, profits
and losses, average rate, and average loss ratio. It is the intent
of the legislature that the report include the change in rate over
the previous 3, 6, 12, 24, and 36 months.