Texas Insurance Code

§ 884.562 — APPROVAL OF RATE ADJUSTMENT

IN § 884.562Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 884. STIPULATED PREMIUM INSURANCE COMPANIES · Art. L. DIRECT REINSURANCE AGREEMENTS WITH MUTUAL ASSESSMENT COMPANIES

Statute text

View on source

A stipulated premium company may not adjust a life insurance premium rate under this subchapter before:

(1)obtaining the approval of the department; and

(2)providing notice to the policyholder.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.