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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 other 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 Subsection (f) to read as follows: |
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(f) Notwithstanding any other provision of this code, in |
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setting rates, an insurer may include in a filing made under this |
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chapter any rating rule, rate variable, or rate classification that |
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any other insurer has filed and implemented under this chapter. |
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SECTION 2. Section 2251.052(f), Insurance Code, as added by |
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this Act, applies only to a rate filed with the commissioner of |
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insurance under Chapter 2251, Insurance Code, on or after the |
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effective date of this Act. |
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SECTION 3. This act takes effect September 1, 2021. |