Texas Insurance Code - Not Codified

§ 5.13-2 — RATES AND FORMS FOR CERTAIN PROPERTY AND CASUALTY INSURANCE

I1 § 5.13-2Title 1. THE INSURANCE CODE OF 1951 · Ch. 5. RATING AND POLICY FORMS · Art. B. CASUALTY INSURANCE AND FIDELITY, GUARANTY AND SURETY BONDS

Statute text

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Sec. 1. PURPOSE. This article governs the regulation of insurance described by Section 2 of this article. The purposes of this article are to:

(1)promote the public welfare by regulating insurance rates to prohibit excessive, inadequate, or unfairly discriminatory rates;

(2)promote availability of insurance;

(3)promote price competition among insurers to provide rates and premiums that are responsive to competitive market conditions;

(4)prohibit price-fixing agreements and other anticompetitive behavior by insurers;

(5)regulate the insurance forms used for lines of insurance subject to this article to ensure that they are not unjust, unfair, inequitable, misleading, or deceptive; and

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Legislative history

Acts 2005, 79th Leg., Ch. 70 (H.B. 2870), Sec. 1, eff. September 1, 2005. Acts 2005, 79th Leg., Ch. 71 (H.B. 2872), Sec. 1, eff. September 1, 2005. Acts 2005, 79th Leg., Ch. 102 (S.B. 99), Sec. 4, eff. September 1, 2005. Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 18, eff. April 1, 2007. Acts 2005, 79th Leg., Ch. 1118 (H.B. 2437), Sec. 1, eff. June 18, 2005. Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.071(c), eff. September 1, 2007. Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.072(b), eff. September 1, 2007. Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.071(c), eff. September 1, 2007. Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.072(b), eff. September 1, 2007.