LegalFix
Sign In

Section 2203.202. Rate Standards

TX Ins Code § 2203.202 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 2203.202. RATE STANDARDS. (a) In determining rates, rating plans, rating rules, rating classifications, territories, and policy forms, the association shall consider:

(1) the past and prospective loss and expense experience for medical professional liability insurance, inside and outside this state, of all of the association members;

(2) trends in the frequency and severity of losses;

(3) the association's investment income; and

(4) other information the commissioner may require.

(b) Rates, rating plans, and rating rules must be based on:

(1) the association's loss and expense experience; and

(2) other information based on that experience the department considers appropriate.

(c) The resultant premium rates must be:

(1) actuarially sound; and

(2) computed to be self-supporting.

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.

Previous Section
Section 2203.201. Applicability of Other Law to Rates and Policy Forms
Next Section
Section 2203.203. Discount for Certain Health Care Providers