{"data":{"id":"us-tx/tex.-insurance-code-1901.054","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1901.054","heading":"LIMITATIONS ON RATES.","body":"(a) Rates set under this chapter may not be excessive or inadequate, as described by this section, or unreasonable or unfairly discriminatory.\n(b) A rate is not excessive unless the rate is unreasonably high for the insurance coverage provided.\n(c) A rate is not inadequate unless the rate is unreasonably low for the insurance coverage provided and:\n(1) is insufficient to sustain projected losses and expenses; or\n(2) the use of the rate has or, if continued, will have the effect of destroying competition or creating a monopoly.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.034(a), eff. September 1, 2007.\nActs 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.034(a), eff. September 1, 2007.","path":["INSURANCE CODE","TITLE 10. PROPERTY AND CASUALTY INSURANCE","SUBTITLE B. LIABILITY INSURANCE FOR PHYSICIANS AND HEALTH CARE PROVIDERS","CHAPTER 1901. PROFESSIONAL LIABILITY INSURANCE FOR PHYSICIANS AND HEALTH CARE PROVIDERS","SUBCHAPTER B. RATE STANDARDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1901.htm#1901.054","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"08e74f979cae7f6e04930bfcb05acc6198e7e3e1ce809f5cbce14bc88b4243a9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1901.053","next":"us-tx/tex.-insurance-code-1901.0541"},"notice":"GroundRules: Original legal text. Not legal advice."}