Tex. Ins. Code § 3502.153

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 3502.153 - Unearned Premium Reserve

(a) Except as provided by Subsection (b), the unearned premium reserve on mortgage guaranty insurance must be computed in accordance with this code.

(b) For a policy covering a risk period of more than one year, the unearned premium reserve must be computed in accordance with standards adopted by the commissioner after appropriate hearings.

Tex. Ins. Code § 3502.153

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 3, eff. 4/1/2007.