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Texas Insurance Code - INS § 2001.010. Public Guide Relating to Commercial Property Rating

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) In this section, “rating agency” means a public or private legal entity that is authorized to conduct commercial property rating in this state.

(b) The commissioner shall make available to the public a generalized guide that:

(1) summarizes the procedures used by the department or other rating agency to rate nonresidential commercial buildings in this state; and

(2) specifies how different construction elements and techniques used in a building project affect the insurance rating of the completed building.

(c) The commissioner may charge a reasonable fee to cover the administrative costs of producing and distributing the guide.

(d) The commissioner shall review the information in the guide in January of each odd-numbered year and shall revise the guide as necessary to incorporate any changes that have occurred in the preceding biennium that affect the information.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2001.010. Public Guide Relating to Commercial Property Rating - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2001-010/

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