Texas § IN.2251.153 - COMMISSIONER ACTION
Full text of Texas The Texas Constitution § IN.2251.153 — COMMISSIONER ACTION, with citation guidance and answers to common questions.
§ IN.2251.153. COMMISSIONER ACTION
COMMISSIONER ACTION. (a) Not later than the 30th day after the date a rate is filed with the department under this subchapter, the commissioner shall: (1) approve the rate if the commissioner determines that the rate complies with the requirements of this chapter; or (2) disapprove the rate if the commissioner determines that the rate does not comply with the requirements of this chapter. (b) Except as provided by Subsection (c), if a rate has not been approved or disapproved by the commissioner before the expiration of the 30-day period described by Subsection (a), the rate is considered approved and the insurer may use the rate unless the rate proposed in the filing represents an increase of 12.5 percent or more from the insurer's previously filed rate. (c) For good cause, the commissioner may, on the expiration of the 30-day period described by Subsection (a), extend the period for approval or disapproval of a rate for one additional 30-day period. The commissioner and the insurer may not by agreement extend the 30-day period described by Subsection (a). Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.2251.153
What does The Texas Constitution § IN.2251.153 cover?
Section IN.2251.153 ("COMMISSIONER ACTION") 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.2251.153?
A common citation format is "The Texas Constitution § IN.2251.153" (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.2251.153 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.