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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The commissioner may issue an order after a hearing disapproving a rate that is in effect. The commissioner must provide the insurance company that filed the rate written notice of the hearing not later than the 10th day before the date of the hearing.
(b) The commissioner shall issue an order disapproving a rate under Subsection (a) not later than the 15th day after the close of the hearing. The order must:
(1) specify in what respects the rate fails to meet the requirements of this subchapter; and
(2) state the date further use of the rate is prohibited.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 2053.007. Disapproval of Rate; Hearing - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2053-007/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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