Tex. Ins. Code Section 2251.001
Purpose

The purposes of this subchapter and Subchapters B, C, D, and E are to:

(1)

promote the public welfare by regulating insurance rates to prohibit excessive, inadequate, or unfairly discriminatory rates;

(2)

promote the availability of insurance;

(3)

promote price competition among insurers to provide rates and premiums that are responsive to competitive market conditions;

(4)

prohibit price-fixing agreements and other anticompetitive behavior by insurers; and

(5)

provide regulatory procedures for the maintenance of appropriate information reporting systems.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.

Source: Section 2251.001 — Purpose, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2251.­htm#2251.­001 (accessed May 11, 2024).

Green check means up to date. Up to date

Accessed:
May 11, 2024

§ 2251.001’s source at texas​.gov