Texas Insurance Code 2253.001 – Rating Territories
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(a) Notwithstanding any other provision of this code, an insurer, in writing residential property or personal automobile insurance, may use rating territories that subdivide a county only if:
(1) the county is subdivided; and
(2) the rate for any subdivision in the county is not greater than 15 percent higher than the rate used in any other subdivision in the county by that insurer.
(b) The commissioner by rule may allow a greater rate difference than the rate difference specified by Subsection (a).
Terms Used In Texas Insurance Code 2253.001
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- Property: means real and personal property. See Texas Government Code 311.005
- Rule: includes regulation. See Texas Government Code 311.005