Sec. 884.562. APPROVAL OF RATE ADJUSTMENT. 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.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle E - Mutual and Fraternal Companies and Related Entities
Chapter 884 - Stipulated Premium Insurance Companies
Subchapter L. Direct Reinsurance Agreements With Mutual Assessment Companies
Section 884.552. Authority to Contract
Section 884.553. Reinsurance Agreement
Section 884.554. Approval by Department
Section 884.555. Members Meeting; Notice
Section 884.556. Members Meeting; Procedures
Section 884.557. Submission of Meeting Facts to Department
Section 884.558. Effective Date of Agreement
Section 884.559. Action After Agreement Ratification
Section 884.560. Assumption Certificate