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State to begin regulating insurance

POSTED: Monday, August 23, 2010 - 1:28pm
UPDATED: Friday, April 13, 2012 - 9:53am

Texas officials expect to regulate insurance rates under a new federal law.

The law requires insurers to justify "unreasonable" increases in premiums.

Officials say the state has had the authority to regulate, but the power wasn't used regularly.
 

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