Tex. Ins. Code § 2006.004

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2006.004 - Premium Discount; Exception

(a) The commissioner by rule shall establish the premium discount under this subchapter based on sound actuarial principles.

(b) The commissioner may approve a premium discount greater or less than the discount established by rule under Subsection (a) if:

(1) the insurer files the proposed discount with the department; and

(2) the commissioner determines that the proposed discount is actuarially justified.

Tex. Ins. Code § 2006.004

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.