Texas § IN.2251.051 - EXCESSIVE, INADEQUATE, AND UNFAIRLY DISCRIMINATORY RATES
Full text of Texas The Texas Constitution § IN.2251.051 — EXCESSIVE, INADEQUATE, AND UNFAIRLY DISCRIMINATORY RATES, with citation guidance and answers to common questions.
§ IN.2251.051. EXCESSIVE, INADEQUATE, AND UNFAIRLY DISCRIMINATORY RATES
EXCESSIVE, INADEQUATE, AND UNFAIRLY DISCRIMINATORY RATES. (a) A rate is excessive, inadequate, or unfairly discriminatory for purposes of this chapter as provided by this section. (b) A rate is excessive if the rate is likely to produce a long-term profit that is unreasonably high in relation to the insurance coverage provided. (c) A rate is inadequate if: (1) the rate is insufficient to sustain projected losses and expenses to which the rate applies; and (2) continued use of the rate: (A) endangers the solvency of an insurer using the rate; or (B) has the effect of substantially lessening competition or creating a monopoly in a market. (d) A rate is unfairly discriminatory if the rate: (1) is not based on sound actuarial principles; (2) does not bear a reasonable relationship to the expected loss and expense experience among risks; or (3) is based wholly or partly on the race, creed, color, ethnicity, or national origin of the policyholder or an insured. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.2251.051
What does The Texas Constitution § IN.2251.051 cover?
Section IN.2251.051 ("EXCESSIVE, INADEQUATE, AND UNFAIRLY DISCRIMINATORY RATES") 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.2251.051?
A common citation format is "The Texas Constitution § IN.2251.051" (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.2251.051 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.