Texas § IN.3502.102 - RATE STANDARDS
Full text of Texas The Texas Constitution § IN.3502.102 — RATE STANDARDS, with citation guidance and answers to common questions.
§ IN.3502.102. RATE STANDARDS
RATE STANDARDS. (a) A mortgage guaranty insurance rate, rating plan, or charge may not be excessive, inadequate, or unfairly discriminatory and must be reasonable with respect to the benefits provided. (b) This chapter does not require the department to: (1) establish standard and absolute rates or a single and uniform rate for each risk or risks; or (2) compel all insurers to adhere to rates previously filed by other insurers. (c) The department may accept different rates for different insurers for the same risk or risks on mortgage guaranty insurance. The department may accept different rates for different insurers as filed by any authorized insurer unless the department finds that the filing does not meet the requirements of this chapter. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 3, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.3502.102
What does The Texas Constitution § IN.3502.102 cover?
Section IN.3502.102 ("RATE STANDARDS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.3502.102?
A common citation format is "The Texas Constitution § IN.3502.102" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.3502.102 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.