Tex. Ins. Code § 1253.057

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

Section 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.

Tex. Ins. Code § 1253.057

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. 4/1/2005.