81R881 AJA-D
By: Lucio S.B. No. 103
A BILL TO BE ENTITLED
AN ACT
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,
2010. A policy delivered, issued for delivery, or renewed before
January 1, 2010, 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, 2009.