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                                                                  H.B. No. 2437




AN ACT

relating to rate regulation of certain insurers writing personal 
automobile insurance.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 13, Article 5.13-2, Insurance Code, is 
amended by adding Subsection (h) to read as follows:
	(h)  An insurer is subject to the filing requirements 
determined by the commissioner by rule under Subsection (f) of this 
section if:
		(1)  the insurer, along with the insurer's affiliated 
companies or group, issues personal automobile liability insurance 
policies only below 101 percent of the minimum limits required by 
Chapter 601, Transportation Code; and
		(2)  the insurer, along with the insurer's affiliated 
companies or group, has a market share of less than 3.5 percent of 
the personal automobile insurance market in this state.
	SECTION 2.  This Act takes effect immediately if it receives 
a vote of two-thirds of all the members elected to each house, as 
provided by Section 39, Article III, Texas Constitution.  If this 
Act does not receive the vote necessary for immediate effect, this 
Act takes effect September 1, 2005.




______________________________              ______________________________
 
   President of the Senate                               Speaker of the House      

	I certify that H.B. No. 2437 was passed by the House on May 
13, 2005, by the following vote:  Yeas 142, Nays 0, 2 present not 
voting.

                                                  ______________________________
                                                     Chief Clerk of the House   

	I certify that H.B. No. 2437 was passed by the Senate on May 
25, 2005, by the following vote:  Yeas 31, Nays 0.

                                                  ______________________________
                                                     Secretary of the Senate    



APPROVED:  _____________________                                            
 
                   Date                                                      




 
          _____________________                                          
 
                 Governor