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.
APPROVAL OF RATE ADJUSTMENT
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff
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.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.