Tex. Ins. Code Section 2053.102
Treatment of Payments Under Statistical Plan

A statistical plan developed under Section 2053.101 (Statistical Plans for Reporting Loss Experience and Other Data) must require the following payments to be reported separately and not to be considered as a loss or expense for purposes of computing a premium rate modifier or surcharge of an insured:

(1)

a direct payment made by an insurance company to influence public policy; and

(2)

any amount paid by an insurance company:

(A)

as damages in an action against the insurance company for malice or bad faith; or

(B)

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

Source: Section 2053.102 — Treatment of Payments Under Statistical Plan, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2053.­htm#2053.­102 (accessed May 25, 2024).

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Accessed:
May 25, 2024

§ 2053.102’s source at texas​.gov