Texas § 1110.005 FREQUENCY OF ADJUSTABLE INTEREST RATE DETERMINATION.

Texas Statutes

§ 1110.005 — FREQUENCY OF ADJUSTABLE INTEREST RATE DETERMINATION.

Texas § 1110.005

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This text of Texas § 1110.005 (FREQUENCY OF ADJUSTABLE INTEREST RATE DETERMINATION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 1110.005 (2026).

Text

Sec. 1110.005. FREQUENCY OF ADJUSTABLE INTEREST RATE DETERMINATION. A life insurer shall determine the adjustable interest rate under Section 1110.004 (b)(2) at regular intervals at least once every 12 months but not more frequently than once in any three-month period. At the intervals specified in the life insurance policy, the insurer:

(1)may increase the rate charged when the interest rate determined under Section 1110.004 (b)(2) would result in a rate increase of at least one-half of one percent per year; and

(2)shall reduce the rate charged when the interest rate determined under Section 1110.004 (b)(2) would result in a rate decrease of at least one-half of one percent per year.

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Sec. 1110.005. FREQUENCY OF ADJUSTABLE INTEREST RATE DETERMINATION. A life insurer shall determine the adjustable interest rate under Section 1110.004 (b)(2) at regular intervals at least once every 12 months but not more frequently than once in any three-month period. At the intervals specified in the life insurance policy, the insurer:
(1) may increase the rate charged when the interest rate determined under Section 1110.004 (b)(2) would result in a rate increase of at least one-half of one percent per year; and
(2) shall reduce the rate charged when the interest rate determined under Section 1110.004 (b)(2) would result in a rate decrease of at least one-half of one percent per year.