Bill Text: TX SB75 | 2015-2016 | 84th Legislature | Introduced

Texas Senate Bill 75 (Prior Session Legislation)

Introduced

Bill Title: Relating to insurer rating practices requiring prior approval.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2015-01-26 - Referred to Business & Commerce [SB75 Detail]

Download: Texas-2015-SB75-Introduced.html

	84R645 MEW-D

	By: Ellis	S.B. No. 75



	A BILL TO BE ENTITLED
	AN ACT
	relating to insurer rating practices requiring prior approval.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. Section 2251.151, Insurance Code, is amended by
	amending Subsection (a-1) and adding Subsection (a-2) to read as
	follows:
	(a-1) For purposes of this section and notwithstanding
	Subsection (f), rating practices that may require a filing under
	Subsection (a) include:
	(1) the filing or use of a rate the commissioner
	determines to be excessive, inadequate, or unfairly discriminatory
	under this chapter; and
	(2) the use of a rate that differs from the rate filed
	under Section 2251.101.
	(a-2) If an insurer files a petition under Subchapter D,
	Chapter 36, for judicial review of an order disapproving a rate
	under this chapter, the insurer must use the rates in effect for the
	insurer at the time the petition is filed and may not file and use
	any higher rate for the same line of insurance subject to this
	chapter before the matter subject to judicial review is finally
	resolved unless the insurer, in accordance with this subchapter,
	files the new rate with the department, along with any applicable
	supplementary rating information and supporting information, and
	obtains the commissioner's approval of the rate.
	SECTION 2. This Act takes effect immediately if it receives
	a vote of two-thirds of all the members elected to each house, as
	provided by Section 39, Article III, Texas Constitution. If this
	Act does not receive the vote necessary for immediate effect, this
	Act takes effect September 1, 2015.