Texas Insurance Codes 2053.102
From Wcc
§ 2053.102 Treatment of Payments Under Statistical Plan.
| A statistical plan developed under Section 2053.101 must require the following payments to be reported separately and not to be considered as a loss or expense for purposes of computing a premium rate modifier or surcharge of an insured:
(1) a direct payment made by an insurance company to influence public policy; and (2) any amount paid by an insurance company: (A) as damages in an action against the insurance company for malice or bad faith; or (B) as a fine or penalty. Added by Acts 2005, 79th Leg., ch. 727, Sec. 2, effective April 1, 2007. |
