Bill Text: TX HB1520 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to the annual reporting of certain information regarding property and casualty insurance.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2017-03-28 - Left pending in committee [HB1520 Detail]
Download: Texas-2017-HB1520-Introduced.html
85R7848 PMO-D | ||
By: Muñoz, Jr. | H.B. No. 1520 |
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relating to the annual reporting of certain information regarding | ||
property and casualty insurance. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2251.008(c), Insurance Code, is amended | ||
to read as follows: | ||
(c) The report required by this section must cover a | ||
calendar year and: | ||
(1) for each insurer that writes a line of insurance | ||
subject to this subchapter, must state the insurer's: | ||
(A) market share; | ||
(B) profits and losses; | ||
(C) average loss ratio; and | ||
(D) whether the insurer submitted a rate filing | ||
during the year covered in the report; [ |
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(2) for each rate filing identified [ |
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Subdivision (1)(D), must indicate any significant impact on | ||
policyholders, the overall rate change from the rate previously | ||
used by the insurer stated as a percentage, and any rate changes for | ||
the previous 12, 24, and 36 months; and | ||
(3) for each property and casualty insurer, must state | ||
the information required by Subdivisions (1) and (2) in the | ||
aggregate and by rating territory and county. | ||
SECTION 2. Section 2251.008(c), Insurance Code, as amended | ||
by this Act, applies only to a report filed on or after January 1, | ||
2018. A report filed before January 1, 2018, 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, 2017. |