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Texas Bill Aims To Reform, Clarify Insurer Rules

Law360 (February 17, 2011, 8:54 PM EST) -- A Texas lawmaker has introduced legislation that would require the state's Department of Insurance to draft guidelines specifying why certain insurers must obtain approval before changing their rates and outlining ways for insurers to get out of the prior approval process.

S.B. No. 644, introduced on Monday by Texas Sen. Glenn Hegar, R-Katy, would implement a state commission's recommendations for the Texas Department of Insurance.

“The department needs to better define those factors, to provide certainty and stability in the market as to the rules people...
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