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Tex. Ins. Code § 3502.153

UNEARNED PREMIUM RESERVE

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff

(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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.