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A BILL TO BE ENTITLED
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AN ACT
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relating to an insurer's rating practices. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2251.151, Insurance Code, is amended by |
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adding Subsection (e) to read as follows: |
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(e) "Rating practice" under this section includes: |
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(1) the filing or use of a rate the commissioner |
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determines to be excessive, inadequate, or unfairly discriminatory |
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under this chapter; and |
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(2) the use of a rate that differs from the rate that |
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was filed. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2007. |