Section 1901.056 - Absolute Rates Prohibited(a) In this section, "absolute rates" means rates, rating plans, or rating classifications that are filed under Chapter 2251 or Article 5.13-2 by an insurer or authorized rating organization and that are required to be used, to the exclusion of all others, by each insurer authorized to write policies.(b) A provision of this chapter, Chapter 2251, or Article 5.13-2 relating to the regulation of rates, rating plans, and rating classifications for professional liability insurance for physicians and health care providers does not:(1) give the commissioner the power to promulgate uniform or absolute rates; or(2) prevent different insurers or organizations authorized to file rates from filing different rates for risks in a given classification or modified rates for individual risks made in accordance with rating plans.Tex. Ins. Code § 1901.056
Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.