Tex. Ins. Code 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.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005.

Source: Section 1253.057 — Individual Premium Rate Increase, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­1253.­htm#1253.­057 (accessed Jun. 5, 2024).

Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 1253.057’s source at texas​.gov