By: Sanford H.B. No. 3969
A BILL TO BE ENTITLED
AN ACT
relating to consideration by an insurer of other insurers' filed
rates and factors in setting the insurer's rates.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2251.052, Insurance Code, is amended by
adding Subsection (f) to read as follows:
(f) Notwithstanding any other provision of this code, in
setting rates, an insurer may include in a filing made under this
chapter any rating rule, rate variable, or rate classification that
any other insurer has filed and implemented under this chapter.
SECTION 2. Section 2251.052(f), Insurance Code, as added by
this Act, applies only to a rate filed with the commissioner of
insurance under Chapter 2251, Insurance Code, on or after the
effective date of this Act.
SECTION 3. This act takes effect September 1, 2021.