Bill Text: TX SB97 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Relating to rates charged for residential property and personal automobile insurance in certain rating territories.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-03-01 - Left pending in committee [SB97 Detail]
Download: Texas-2011-SB97-Introduced.html
82R692 AJA-D | ||
By: Lucio | S.B. No. 97 |
|
||
|
||
relating to rates charged for residential property and personal | ||
automobile insurance in certain rating territories. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2253.001(b), Insurance Code, is amended | ||
to read as follows: | ||
(b) The commissioner by rule may allow a greater rate | ||
difference than the rate difference specified by Subsection (a) | ||
only if the commissioner determines that the greater rate | ||
difference is justified solely by weather-related factors and is | ||
supported with sound actuarial data. | ||
SECTION 2. The change in law made by this Act applies only | ||
to a residential property or personal automobile insurance policy | ||
delivered, issued for delivery, or renewed on or after January 1, | ||
2012. A policy delivered, issued for delivery, or renewed before | ||
January 1, 2012, is governed by the law in effect immediately before | ||
the effective date of this Act, and that law is continued in effect | ||
for that purpose. | ||
SECTION 3. This Act takes effect September 1, 2011. |