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A BILL TO BE ENTITLED
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AN ACT
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relating to rates charged for residential property and personal |
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automobile insurance in certain rating territories. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2253.001(b), Insurance Code, is amended |
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to read as follows: |
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(b) The commissioner by rule may allow a greater rate |
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difference than the rate difference specified by Subsection (a) |
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only if the commissioner determines that the greater rate |
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difference is justified solely by weather-related factors and is |
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supported with sound actuarial data. |
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SECTION 2. The change in law made by this Act applies only |
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to a residential property or personal automobile insurance policy |
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delivered, issued for delivery, or renewed on or after January 1, |
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2012. A policy delivered, issued for delivery, or renewed before |
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January 1, 2012, is governed by the law in effect immediately before |
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the effective date of this Act, and that law is continued in effect |
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for that purpose. |
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SECTION 3. This Act takes effect September 1, 2011. |