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Texas Insurance Code - Not Codified

§ 5.78 — CONSIDERATION OF ALL RELEVANT FACTORS

I1 § 5.78Title 1. THE INSURANCE CODE OF 1951 · Ch. 5. RATING AND POLICY FORMS · Art. H. PREMIUM RATING PLANS

Statute text

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Before the Board of Insurance Commissioners approves class rates or rating plans, due consideration shall be given to all relevant factors to the end that no unfair discrimination shall exist in class rates or rating plans as they may affect risks of various size.

Legislative history

Acts 1953, 53rd Leg., p. 64, ch. 50, Sec. 1a.

Source: Texas Insurance Code - Not Codified § 5.78 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.