Sec. 1253.057. INDIVIDUAL PREMIUM RATE INCREASE. (a) A policy may provide that, during the period of a work stoppage, each individual premium rate shall be increased by an amount not to exceed 20 percent of the amount shown in the policy, or a greater percentage as approved by the commissioner, to provide sufficient compensation to the insurer to cover increased:
(1) administrative costs; and
(2) mortality and morbidity.
(b) If a policy provides for a premium rate increase in accordance with this section, the amount of an employee's contribution must be increased by the same percentage.
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 1253 - Cancellation of Group Coverage in Certain Circumstances
Subchapter B. Continuation of Group Accident and Health Insurance Policies During Labor Dispute
Section 1253.051. Applicability of Subchapter
Section 1253.053. Contributions if Policyholder Is Trustee
Section 1253.054. Contributions if Policyholder Is Not Trustee
Section 1253.055. Payment of Contribution and Premium
Section 1253.056. Past Due Premium
Section 1253.057. Individual Premium Rate Increase
Section 1253.058. Premium Rate Change Not Limited
Section 1253.059. Limitations on Continuation of Coverage
Section 1253.060. Other Provisions; Commissioner Approval Required