2024 Texas Statutes
Insurance Code
Title 10 - Property and Casualty Insurance
Subtitle D - Fire Insurance and Allied Lines, Including Residential Property Insurance
Chapter 2001 - General Provisions: Fire Insurance and Allied Lines, Including Residential Property Insurance
Section 2001.010. Public Guide Relating to Commercial Property Rating
Sec. 2001.010. PUBLIC GUIDE RELATING TO COMMERCIAL PROPERTY RATING. (a) In this section, "rating agency" means a public or private legal entity that is authorized to conduct commercial property rating in this state.
(b) The commissioner shall make available to the public a generalized guide that:
(1) summarizes the procedures used by the department or other rating agency to rate nonresidential commercial buildings in this state; and
(2) specifies how different construction elements and techniques used in a building project affect the insurance rating of the completed building.
(c) The commissioner may charge a reasonable fee to cover the administrative costs of producing and distributing the guide.
(d) The commissioner shall review the information in the guide in January of each odd-numbered year and shall revise the guide as necessary to incorporate any changes that have occurred in the preceding biennium that affect the information.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
