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SB 897, 63rd R.S.
Amending Article 5.03 of the Insurance Code; providing that insurers shall not issue or renew motor vehicle insurance policies at premium rates greater or lesser than those rates approved by the Board as just, reasonable and adequate for the risk to which they respectively apply, with certain exceptions; providing exceptions and the procedures whereby insurers may obtain Board approval to write motor vehicle insurance at lesser rates and greater rates; setting up procedures for the revocation, suspension and automatic termination of such approved lesser or greater rates; containing a severance clause; providing for control of conflicts with other laws; and declaring an emergency.

Chamber Action Comments  Date 
S Read first time   04/10/1973
S Referred to Committee on Economic Development   04/10/1973
S Committee hearing date   04/19/1973
S Sent to subcommittee   04/19/1973
S Committee substitute   04/30/1973


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