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  S.B. No. 1554
 
 
 
 
AN ACT
  relating to the regulation of rates for certain personal automobile
  insurance.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 2151.001(2), Insurance Code, is amended
  to read as follows:
               (2)  "Authorized insurer" means an insurer authorized
  by the department to write automobile liability coverage under this
  title.  The [Except as provided by Section 2251.204, the] term
  includes [does not include] a county mutual insurance company
  organized under Chapter 912.
         SECTION 2.  Sections 2251.003(a) and (b), Insurance Code,
  are amended to read as follows:
         (a)  This subchapter and Subchapters B, C, and D[, and E]
  apply to:
               (1)  an insurer to which Article 5.13 applies, other
  than the Texas Windstorm Insurance Association, the FAIR Plan
  Association, and the Texas Automobile Insurance Plan Association;
  and
               (2)  except as provided by Subsection (c), a Lloyd's
  plan, reciprocal or interinsurance exchange, and county mutual
  insurance company with respect to the lines of insurance described
  by Subsection (b).
         (b)  This subchapter and Subchapters B, C, and D[, and E]
  apply to all lines of the following kinds of insurance written under
  an insurance policy or contract issued by an insurer authorized to
  engage in the business of insurance in this state:
               (1)  general liability insurance;
               (2)  residential and commercial property insurance,
  including farm and ranch insurance and farm and ranch owners
  insurance;
               (3)  personal and commercial casualty insurance,
  except as provided by Section 2251.004;
               (4)  medical professional liability insurance;
               (5)  fidelity, guaranty, and surety bonds other than
  criminal court appearance bonds;
               (6)  personal umbrella insurance;
               (7)  personal liability insurance;
               (8)  guaranteed auto protection (GAP) insurance;
               (9)  involuntary unemployment insurance;
               (10)  financial guaranty insurance;
               (11)  inland marine insurance;
               (12)  rain insurance;
               (13)  hail insurance on farm crops;
               (14)  personal and commercial automobile insurance;
               (15)  multi-peril insurance; and
               (16)  identity theft insurance issued under Chapter
  706.
         SECTION 3.  Section 2251.205, Insurance Code, is transferred
  to Subchapter C, Chapter 2251, Insurance Code, redesignated as
  Section 2251.1025, Insurance Code, and amended to read as follows:
         Sec. 2251.1025 [2251.205].  [APPLICATION OF] FILING
  REQUIREMENTS FOR CERTAIN PERSONAL AUTOMOBILE [TO OTHER] INSURERS
  WITH LESS THAN 3.5 PERCENT OF MARKET. (a)  An insurer is subject to
  the filing requirements determined by the commissioner by rule
  under this section [Section 2251.204] if:
               (1)  the insurer, along with the insurer's affiliated
  companies or group, issues personal automobile liability insurance
  policies only below 101 percent of the minimum limits required by
  Chapter 601, Transportation Code; and
               (2)  the insurer, along with the insurer's affiliated
  companies or group, has a market share of less than 3.5 percent of
  the personal automobile insurance market in this state.
         (b)  The commissioner by rule shall determine the
  information required to be provided in a filing under this section.
         SECTION 4.  The following provisions of the Insurance Code
  are repealed:
               (1)  Sections 2251.201, 2251.202, 2251.203, and
  2251.204; and
               (2)  the heading to Subchapter E, Chapter 2251.
         SECTION 5.  This Act takes effect September 1, 2015.
 
 
 
 
 
  ______________________________ ______________________________
     President of the Senate Speaker of the House     
 
         I hereby certify that S.B. No. 1554 passed the Senate on
  April 30, 2015, by the following vote:  Yeas 31, Nays 0.
 
 
  ______________________________
  Secretary of the Senate    
 
         I hereby certify that S.B. No. 1554 passed the House on
  May 19, 2015, by the following vote:  Yeas 146, Nays 0, two
  present not voting.
 
 
  ______________________________
  Chief Clerk of the House   
 
 
 
  Approved:
 
  ______________________________ 
              Date
 
 
  ______________________________ 
            Governor