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A BILL TO BE ENTITLED
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AN ACT
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relating to consideration by an insurer of certain insurers' filed |
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rates and factors in setting the insurer's rates. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2251.052, Insurance Code, is amended by |
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adding Subsections (f), (g), and (h) to read as follows: |
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(f) Notwithstanding Section 1953.051(a), in setting rates, |
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an insurer writing personal or commercial automobile insurance may |
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include in a filing made under this chapter any rating rule, rate |
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variable, or rate classification that a county mutual insurance |
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company has filed and implemented under this chapter. |
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(g) An insurer that files a rating rule, rate variable, or |
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rate classification under Subsection (f) shall: |
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(1) indicate in the insurer's rate filing that the |
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insurer is filing the rating rule, rate variable, or rate |
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classification under Subsection (f); and |
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(2) reflect any cost savings realized by filing the |
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rating rule, rate variable, or rate classification under Subsection |
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(f) in the insurer's filing. |
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(h) Subsections (f) and (g) may not be construed to affect |
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any law relating to the confidentiality or public disclosure of |
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rate filings or of the department's review of rate filings. |
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SECTION 2. Sections 2251.052(f), (g), and (h), Insurance |
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Code, as added by this Act, apply only to a rate filed with the |
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commissioner of insurance under Chapter 2251, Insurance Code, on or |
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after the effective date of this Act. |
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SECTION 3. This Act takes effect September 1, 2021. |