Texas § IN.3502.101 - RATE FILINGS
Full text of Texas The Texas Constitution § IN.3502.101 — RATE FILINGS, with citation guidance and answers to common questions.
§ IN.3502.101. RATE FILINGS
RATE FILINGS. (a) Not later than the 15th day before the date a mortgage guaranty insurer uses a rate or supplementary rate information in this state, the insurer must file the rate and supplementary rate information, and any changes to the rate or supplementary rate information, with the department. (b) The rate filing must include adequate supporting data, including: (1) information on: (A) past and prospective loss experience in this state and outside the state; (B) catastrophe hazards; (C) expenses of operation; and (D) a reasonable margin for profit and contingencies; (2) an explanation of the insurer's interpretation of any statistical data on which the insurer relied; (3) an explanation and description of the methods used in making the rates; and (4) certification by an appropriate official of the insurer relating to the appropriateness of the charges, rates, or rating plans based on reasonable assumptions and accompanied by adequate supporting information. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 3, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.3502.101
What does The Texas Constitution § IN.3502.101 cover?
Section IN.3502.101 ("RATE FILINGS") 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.3502.101?
A common citation format is "The Texas Constitution § IN.3502.101" (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.3502.101 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.