Texas Department of Insurance

Helping Texans with their auto, commercial and residential property insurance needs.

A free service of the Texas Department of Insurance and Office of Public Insurance Counsel.


This site works best with Firefox, Chrome or Safari browsers.


Homeowners Insurance Regulation: Past and Present

Prior to 1993: Homeowners rate promulgated by Commissioner of Insurance - Lloyds and reciprocal exchange companies exempt from rate regulation 1993 - 2003: Benchmark ("flex band") system - Commissioner promulgated the rate ("benchmark"); rates filed by companies within +/- 30% of benchmark subject to file-and-use; rates above or below 30% subject to prior approval
- Lloyds and reciprocal exchange companies exempt from rate regulation 2003 - 2004: Prior Approval (transition period per SB 14) - All companies must file rates (no Lloyds/reciprocal exemption); rate reductions ordered for 32 companies totaling $510M in refunds 2004 - present: File-and-Use (per SB 14) - Prior approval under certain conditions (rating practices, financial condition of company, statewide insurance emergency)
- All companies subject to rate regulation (no Lloyds/reciprocal exemption)
< Previous: Hurricane Activity (2004-2008)

Next: Regulatory actions resulting in policyholder savings >



Contact Information and Other Helpful Links