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.