Tex. Ins. Code Section 883.154
Maximum Premiums


(a)

The maximum premium of an insurance policy issued by a domestic mutual insurance company must be stated in the policy.

(b)

A policy’s maximum premium may consist only of:

(1)

a cash premium; or

(2)

a cash premium and a contingent premium in an amount equal to one additional cash premium.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 883.154 — Maximum Premiums, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­883.­htm#883.­154 (accessed Apr. 29, 2024).

Accessed:
Apr. 29, 2024

§ 883.154’s source at texas​.gov