Sec. 2251.1025. FILING REQUIREMENTS FOR CERTAIN PERSONAL AUTOMOBILE INSURERS WITH LESS THAN 3.5 PERCENT OF MARKET. (a) An insurer is subject to the filing requirements determined by the commissioner by rule under this section if:
(1) the insurer, along with the insurer's affiliated companies or group, issues personal automobile liability insurance policies only below 101 percent of the minimum limits required by Chapter 601, Transportation Code; and
(2) the insurer, along with the insurer's affiliated companies or group, has a market share of less than 3.5 percent of the personal automobile insurance market in this state.
(b) The commissioner by rule shall determine the information required to be provided in a filing under this section.
Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.072(a), eff. September 1, 2007.
Added by Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.072(a), eff. September 1, 2007.
Transferred, redesignated and amended from Insurance Code, Section 2251.205 by Acts 2015, 84th Leg., R.S., Ch. 312 (S.B. 1554), Sec. 3, eff. September 1, 2015.
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