Bill Text: TX HB2257 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the regulation of property and casualty insurance rates.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-03-11 - Referred to Insurance [HB2257 Detail]
Download: Texas-2013-HB2257-Introduced.html
83R7678 TJS-F | ||
By: Schaefer | H.B. No. 2257 |
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relating to the regulation of property and casualty insurance | ||
rates. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2251.003(c), Insurance Code, is amended | ||
to read as follows: | ||
(c) Sections 2251.008, 2251.052, 2251.101, 2251.102, | ||
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Lloyd's plan or a reciprocal or interinsurance exchange with | ||
respect to commercial property insurance, inland marine insurance, | ||
rain insurance, or hail insurance on farm crops. | ||
SECTION 2. Section 2251.1031(b), Insurance Code, is amended | ||
to read as follows: | ||
(b) If the department requests additional information from | ||
the insurer during the 30-day period described by Section | ||
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described by Section [ |
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the time between the date the department submits the request to the | ||
insurer and the date the department receives the information | ||
requested is not included in the computation of the first 30-day | ||
period or the second 30-day period, as applicable. | ||
SECTION 3. Section 2251.104(a), Insurance Code, is amended | ||
to read as follows: | ||
(a) The commissioner may disapprove only a rate that is in | ||
effect, and may do so only after a hearing. The commissioner shall | ||
provide the filer written notice not later than the 30th day after | ||
the date the rate takes effect, and not later than the 20th day | ||
before the date of the hearing [ |
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SECTION 4. Sections 2251.156(a) and (b), Insurance Code, | ||
are amended to read as follows: | ||
(a) If the commissioner disapproves a rate filing under | ||
Section 2251.153(a)(2), the commissioner shall issue an order | ||
specifying in what respects the rate fails to meet the requirements | ||
of this chapter [ |
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(b) An insurer whose rate filing is disapproved is entitled | ||
to a hearing on written request made to the commissioner not later | ||
than the 30th day after the date the order disapproving the rate | ||
takes effect [ |
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SECTION 5. Section 2251.103, Insurance Code, is repealed. | ||
SECTION 6. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2013. |