Texas 2021 - 87th Regular

Texas House Bill HB3969 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	87R20449 RDS-F
2	1		By: Sanford H.B. No. 3969
3		-	Substitute the following for H.B. No. 3969:
4		-	By: Oliverson C.S.H.B. No. 3969
5	2
6	3
7	4		A BILL TO BE ENTITLED
8	5		AN ACT
9		-	relating to consideration by an insurer of ~~certain~~ insurers' filed
	6	+	relating to consideration by an insurer of other insurers' filed
10	7		rates and factors in setting the insurer's rates.
11	8		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
12	9		SECTION 1. Section 2251.052, Insurance Code, is amended by
13		-	adding Subsections (f), (g), and (h) to read as follows:
14		-	(f) Notwithstanding Section 1953.051(a), in setting rates,
15		-	an insurer writing personal or commercial automobile insurance may
16		-	include in a filing made under this chapter any rating rule, rate
17		-	variable, or rate classification that a county mutual insurance
18		-	company has filed and implemented under this chapter.
19		-	(g) An insurer that files a rating rule, rate variable, or
20		-	rate classification under Subsection (f) shall:
21		-	(1) indicate in the insurer's rate filing that the
22		-	insurer is filing the rating rule, rate variable, or rate
23		-	classification under Subsection (f); and
24		-	(2) reflect any cost savings realized by filing the
25		-	rating rule, rate variable, or rate classification under Subsection
26		-	(f) in the insurer's filing.
27		-	(h) Subsections (f) and (g) may not be construed to affect
28		-	any law relating to the confidentiality or public disclosure of
29		-	rate filings or of the department's review of rate filings.
30		-	SECTION 2. Sections 2251.052(f), (g), and (h), Insurance
31		-	Code, as added by this Act, apply only to a rate filed with the
32		-	commissioner of insurance under Chapter 2251, Insurance Code, on or
33		-	after the effective date of this Act.
	10	+	adding Subsection (f) to read as follows:
	11	+	(f) Notwithstanding any other provision of this code, in
	12	+	setting rates, an insurer may include in a filing made under this
	13	+	chapter any rating rule, rate variable, or rate classification that
	14	+	any other insurer has filed and implemented under this chapter.
	15	+	SECTION 2. Section 2251.052(f), Insurance Code, as added by
	16	+	this Act, applies only to a rate filed with the commissioner of
	17	+	insurance under Chapter 2251, Insurance Code, on or after the
	18	+	effective date of this Act.
34	19		SECTION 3. This act takes effect September 1, 2021.