Sec. 1901.054.  LIMITATIONS ON RATES.  (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.
Amended by: 
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.034(a), eff. September 1, 2007.
Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.034(a), eff. September 1, 2007.