Rate Standards

Sec. 2203.202. RATE STANDARDS. (a) In determining rates, rating plans, rating rules, rating classifications, territories, and policy forms, the association shall consider: (1) the past and prospective loss and expense experience for medical professional liability insurance, inside and outside this state, of all of the association members; (2) trends in the frequency and severity of losses; (3) the association's investment income; and (4) other information the commissioner may require. (b) Rates, rating plans, and rating rules must be based on: (1) the association's loss and expense experience; and (2) other information based on that experience the department considers appropriate. (c) The resultant premium rates must be: (1) actuarially sound; and (2) computed to be self-supporting. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.