1153.103 – PRESUMPTIVE PREMIUM RATE. (a) After notice and
Texas Insurance Code § 1153.103
Summary
This law allows the commissioner to establish a presumptive premium rate for different types of insurance coverage after a notice and hearing process. It affects insurers who must comply with these rates unless they file an alternative rate.
Commissioner can set presumptive premium rates after a hearing.
Insurers must comply unless they file a different rate.
Applies to various classes of business and coverage terms.
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In simple terms: Learn about Texas's PRESUMPTIVE PREMIUM RATE. (a) After notice and law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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