Sec. 1153.102. REVISION OF SCHEDULE OF RATES. (a) An insurer may revise its schedules of premium rates for various classes of business.
(b) The insurer shall file the revised schedules and classes of business with the commissioner.
(c) An insurer may not issue a credit life insurance policy or credit accident and health insurance policy for which the premium rate exceeds the rate determined by using the appropriate schedule for that class of business that the insurer has on file with the commissioner.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Structure Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle C - Specialized Coverages
Chapter 1153 - Credit Life Insurance and Credit Accident and Health Insurance
Section 1153.101. Filing of Schedule of Rates
Section 1153.102. Revision of Schedule of Rates
Section 1153.103. Presumptive Premium Rate
Section 1153.104. Appeal of Presumptive Rate
Section 1153.105. Rate Within Certain Percentages of Presumptive Rate
Section 1153.106. Rate Outside Certain Percentages of Presumptive Rate