28 Tex. Admin. Code § 3.5306

Current through Reg. 49, No. 25; June 21, 2024
Section 3.5306 - Premiums Based on Age

If the premiums are determined according to age of the insured debtor or by age brackets, appropriate adjustments in the rate and premium may be made according to age if such adjustments are actuarially consistent with the foregoing rates when applied regardless of actual age at issue and if such adjustments produce an aggregate premium not substantially greater than that produced by the foregoing rates, and such rates and actuarially consistent computations are filed with and approved by the commissioner of insurance.

28 Tex. Admin. Code § 3.5306

The provisions of this §3.5306 adopted to be effective October 1, 1980, 5 TexReg 2772.