Sec. 2208.304. RATES AND LIMITS OF COVERAGE. (a) To ensure that the pool is actuarially sound, the board shall:
(1) set the premium rates charged; and
(2) determine the maximum limits of insurance coverage provided.
(b) The pool manager, for the board's consideration, shall:
(1) collect and compile statistical data relating to the insurance coverage provided by the pool, including relevant loss, expense, and premium data and other information;
(2) prepare the proposed premium rate schedules for the approval of the board; and
(3) prepare the maximum limits of insurance coverage.
(c) The board shall periodically reexamine the rate schedules and the maximum limits of insurance coverage as conditions change.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
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