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A BILL TO BE ENTITLED
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AN ACT
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relating to rate filing requirements for certain personal lines |
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insurers with low market share. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. The following provisions of the Insurance Code |
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are repealed: |
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(1) Section 2251.1025; and |
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(2) Subchapter F, Chapter 2251. |
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SECTION 2. The change in law made by this Act applies only |
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to a rate for an insurance policy that is delivered, issued for |
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delivery, or renewed on or after January 1, 2022. A rate for an |
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insurance policy delivered, issued for delivery, or renewed before |
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January 1, 2022, is governed by the law as it existed immediately |
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before the effective date of this Act, and that law is continued in |
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effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2021. |