Gavvy: Ins. Code, Sec. 1153.102. Revision of Schedule of Rates.

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Sec. 1153.102. Revision of Schedule of Rates.


Sec. 1153.102.  REVISION OF SCHEDULE OF RATES.  (a)  An insurer may revise its schedules of premium rates for various classes of business.
(b)  The insurer shall file the revised schedules and classes of business with the commissioner.
(c)  An insurer may not issue a credit life insurance policy or credit accident and health insurance policy for which the premium rate exceeds the rate determined by using the appropriate schedule for that class of business that the insurer has on file with the commissioner.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.

Gavvy last updated this database on: Sep 6, 2024