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Tex. Ins. Code § 2151.201

RATE STANDARDS

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff

Rates for insurance provided under this chapter must be:

(1) just, reasonable, adequate, not excessive, not confiscatory, and not unfairly discriminatory for the risks to which the rates apply; and

(2) sufficient to carry all claims to maturity and meet the expenses incurred in the writing and servicing of the business.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.