Sec. 1251.257. PREMIUM FOR CONVERTED POLICY. (a) An insurer shall determine the premium for a converted policy issued under this subchapter in accordance with the insurer's table of premium rates for coverage that was provided under the group policy. The premium:
(1) must be based on the type of converted policy and the coverage provided by the policy; and
(2) may be based on the age and geographic location of each individual to be covered.
(b) The premium for the same coverage and benefits under a converted policy may not exceed 200 percent of the premium determined for the group policy in accordance with Subsection (a).
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005.
Structure Texas Statutes
Title 8 - Health Insurance and Other Health Coverages
Subtitle B - Group Health Coverage
Chapter 1251 - Group and Blanket Health Insurance
Subchapter F. Continuation or Conversion Privilege on Termination of Coverage Under Group Policy
Section 1251.251. Continuation of Group Coverage Required; Exception
Section 1251.252. Eligibility for Continuation of Group Coverage
Section 1251.253. Request for Continuation of Group Coverage
Section 1251.254. Payment of Contributions
Section 1251.255. Termination of Continued Coverage
Section 1251.256. Conversion of Group Policy
Section 1251.257. Premium for Converted Policy
Section 1251.258. Benefits Under Converted Policy
Section 1251.259. Termination of Converted Policy
Section 1251.260. Notice of Continuation and Conversion Privileges