| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 85R10722 PMO-D | |
| 2 | 2 | By: Davis of Dallas H.B. No. 2147 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to the use of certain loss and expense experience in | |
| 8 | 8 | insurance rates. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Chapter 560, Insurance Code, is amended by | |
| 11 | 11 | adding Section 560.003 to read as follows: | |
| 12 | 12 | Sec. 560.003. PROHIBITION ON USE OF CERTAIN LOSS AND | |
| 13 | 13 | EXPENSE EXPERIENCE. An insurer may not: | |
| 14 | 14 | (1) consider loss and expense experience from any | |
| 15 | 15 | business other than the business of insurance in setting a premium | |
| 16 | 16 | rate used by the insurer; or | |
| 17 | 17 | (2) include loss and expense experience described by | |
| 18 | 18 | Subdivision (1) in a rate filing made under this code. | |
| 19 | 19 | SECTION 2. Section 560.003, Insurance Code, as added by | |
| 20 | 20 | this Act, applies only to a premium rate used, or a rate filing | |
| 21 | 21 | made, on or after January 1, 2018. A premium rate used, or a rate | |
| 22 | 22 | filing made, before January 1, 2018, is governed by the law as it | |
| 23 | 23 | existed immediately before the effective date of this Act, and that | |
| 24 | 24 | law is continued in effect for that purpose. | |
| 25 | 25 | SECTION 3. This Act takes effect September 1, 2017. |