Premium Discount; Exception

Sec. 2006.004. PREMIUM DISCOUNT; EXCEPTION. (a) The commissioner by rule shall establish the premium discount under this subchapter based on sound actuarial principles. (b) The commissioner may approve a premium discount greater or less than the discount established by rule under Subsection (a) if: (1) the insurer files the proposed discount with the department; and (2) the commissioner determines that the proposed discount is actuarially justified. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.