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Tex. Ins. Code § 887.305

EXPENSE LOADING ON CERTAIN INSURANCE CERTIFICATES

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff

If an association increases a life insurance assessment rate at any age other than at age of issue, the expense loading on the new assessments may not, on 50 years of age or greater, exceed 25 percent of the gross assessment charged, unless an additional expense loading is approved by the commissioner as reasonable and necessary.

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