LIMITATIONS ON RATES.
Tex. INS Code § 1901.054.
in effect(a) Rates set under this chapter may not be excessive or inadequate, as described by this section, or unreasonable or unfairly discriminatory.
(b) A rate is not excessive unless the rate is unreasonably high for the insurance coverage provided.
(c) A rate is not inadequate unless the rate is unreasonably low for the insurance coverage provided and:
(1) is insufficient to sustain projected losses and expenses; or
(2) the use of the rate has or, if continued, will have the effect of destroying competition or creating a monopoly.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.