87R7108 SMT-F
By: Zaffirini S.B. No. 965
A BILL TO BE ENTITLED
AN ACT
relating to rate filing requirements for certain personal lines
insurers with low market share.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. The following provisions of the Insurance Code
are repealed:
(1) Section 2251.1025; and
(2) Subchapter F, Chapter 2251.
SECTION 2. The change in law made by this Act applies only
to a rate for an insurance policy that is delivered, issued for
delivery, or renewed on or after January 1, 2022. A rate for an
insurance policy delivered, issued for delivery, or renewed before
January 1, 2022, is governed by the law as it existed 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, 2021.