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SB 897, 63rd Regular Session
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.

Last action: Committee substitute

Author: H.J. "Doc" Blanchard

Subjects:
INSURANCE RATES
Insurance--Motor Vehicles
Vehicles & Traffic--Insurance/Financial Responsibility

Senate Committee: Economic Development () Minutes: April 19 1973 | April 27 1973 | April 30 1973

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