Amend CSSB 1007 in ARTICLE 4 of the bill as follows: (1) In SECTION 4.___, in amended Section 2251.156(a), Insurance Code, between "Section 2252.153(a)(2)" and the comma, insert "or Section 2251.1511". (2) Insert the following appropriately numbered SECTIONS and renumber existing SECTIONS accordingly: SECTION 4.___. Subchapter D, Chapter 2251, Insurance Code, is amended by adding Section 2251.1511 to read as follows: Sec. 2251.1511. PRIOR APPROVAL FOR CERTAIN RESIDENTIAL PROPERTY INSURANCE RATES. (a) An insurer may not use a rate for residential property insurance until the rate and all other information required by Section 2251.101 have been filed with the department and the rate has been approved by the commissioner if the insurer, together with any of the insurer's affiliates and subsidiaries, as those terms are defined by Section 823.003, issued property and casualty insurance policies in this state that accounted for at least five percent of the total amount of premiums collected by insurers for property and casualty insurance in this state in the calendar year preceding the date the filing is required or the rate is otherwise proposed to be used. (b) Sections 2251.151(b) and (d) apply to rates filed under this section. (c) Section 2251.152 does not apply to rates for which prior approval is required by this section. SECTION 4.___. Section 2251.1511, Insurance Code, as added by this Article, applies only to rates for residential property insurance policies delivered, issued for delivery, or renewed on or after January 1, 2010. Rates for policies delivered, issued for delivery, or renewed before January 1, 2010, are governed by the law as it existed immediately before the effective date of this Act, and that law is continued in effect for that purpose.