Texas § IN.2251.152 - RATE APPROVAL REQUIRED
Full text of Texas The Texas Constitution § IN.2251.152 — RATE APPROVAL REQUIRED, with citation guidance and answers to common questions.
§ IN.2251.152. RATE APPROVAL REQUIRED
RATE APPROVAL REQUIRED; EXCEPTION. (a) An insurer subject to this subchapter may not use a rate until the rate has been filed with the department and approved by the commissioner in accordance with this subchapter. (b) Notwithstanding Subsection (a), after a rate filing is approved under this subchapter, an insurer, without prior approval of the commissioner, may use any rate subsequently filed by the insurer if the subsequently filed rate does not exceed the lesser of: (1) 107.5 percent of the rate approved by the commissioner; or (2) 110 percent of any rate used by the insurer in the previous 12-month period. (c) Filed rates under Subsection (b) take effect on the date specified by the insurer. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.2251.152
What does The Texas Constitution § IN.2251.152 cover?
Section IN.2251.152 ("RATE APPROVAL REQUIRED") 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.2251.152?
A common citation format is "The Texas Constitution § IN.2251.152" (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.2251.152 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.