Section 1131.857 - Individual Premium Rate Increase(a) A policy may provide that, during the period of a work stoppage, an individual premium rate may 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.Tex. Ins. Code § 1131.857
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. 6/1/2003.