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Tex. Ins. Code § 884.562

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.