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BOTH HOUSES OF THE TEXAS LEGISLATURE WERE TO CONVENE THIS MORNING, WORKING ThfIR JWAY TOWARD SOME KIND OF DECISION ON INSURANCE RATES. THE QUESTION OF COMPETITIVE INSURANCE RATES WAS THE PRIMARY REASON GOVERNOR SMITH GAVE IN CALLING THE EMERGENCY MEETING ON SEPTEMBER 1TH. SMITH FIRST SAID HE WOULD LIMIT THE SESSION TO INSURANCE RATE REFORM AND TO RESTORATION OF THE GOVERNOR'S BUDGETARY POWERS. LATER, AMID CONSIDERABLE COMPLAINING, THE GOVERNOR ADDED 24 OTHER TASKS TO BE TACKLED BY THIS SESSION. AT THE END OF LAST WEEK THE SENATE HAD PASSSED SIX MEASURES AND SENT THEM ON TO THE MOUSE. THE HOUSE HAS NOT CAST A FINAL VOTE ON ANY ISSUE..BUT HAS TWO BILLS WAITING ON ITS DEBATE CALENDAR. SPEAKER OF THE HOUSE RAYFORD PRICE SAYS HE IS NOT OPTIMISTIC ABOUT PASSAGE OF A NEW INSURANCE RATE BILL...IUT HE HAS PROMISED THE BILL WON'T BE BURIED IN COMMITTEE. I [