Texas Insurance Code
§ 883.154 — MAXIMUM PREMIUMS
IN § 883.154Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 883. MUTUAL INSURANCE COMPANIES OTHER THAN MUTUAL LIFE INSURANCE COMPANIES · Art. D. POWERS, DUTIES, AND OPERATION OF COMPANY
Statute text
View on source(a)The maximum premium of an insurance policy issued by a domestic mutual insurance company must be stated in the policy.
(b)A policy's maximum premium may consist only of:
(1)a cash premium; or
(2)a cash premium and a contingent premium in an amount equal to one additional cash premium.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.