Tex. Ins. Code § 887.305

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 887.305 - Expense Loading on Certain Insurance Certificates

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.

Tex. Ins. Code § 887.305

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.