Texas § IN.565.001 - PURPOSE
Full text of Texas The Texas Constitution § IN.565.001 — PURPOSE, with citation guidance and answers to common questions.
§ IN.565.001. PURPOSE
PURPOSE. (a) The purpose of this chapter is to regulate the use of environmental, social, or governance models, scores, factors, or standards to define acts or practices that may be unfair discrimination in the business of insurance in this state. (b) The legislature finds that there are numerous entities that have developed different environmental, social, or governance models, scores, factors, or standards that are used to: (1) evaluate financial risks for investments in certain businesses or industries; or (2) encourage or discourage business dealings or investments with certain types of businesses or industries. (c) To the extent that the use of such models, scores, factors, or standards are not based on sound actuarial principles, or do not bear a reasonable relationship to the expected loss and expense experience related to insurance risks, the rating of certain businesses or risks in this state without an ordinary insurance business purpose may adversely affect the economy, a sector of the economy, productivity, competition, jobs, the environment, or the public health and safety of this state or a portion of this state. Added by Acts 2023, 88th Leg., R.S., Ch. 1144 (S.B. 833 ), Sec. 1, eff. September 1, 2023.
Frequently Asked Questions About Texas § IN.565.001
What does The Texas Constitution § IN.565.001 cover?
Section IN.565.001 ("PURPOSE") 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.565.001?
A common citation format is "The Texas Constitution § IN.565.001" (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.565.001 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.