Texas § 1251.257 PREMIUM FOR CONVERTED POLICY.

Texas Statutes

§ 1251.257 — PREMIUM FOR CONVERTED POLICY.

Texas § 1251.257

Code INInsurance Code

This text of Texas § 1251.257 (PREMIUM FOR CONVERTED POLICY.) 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. § 1251.257 (2026).

Text

Sec. 1251.257. PREMIUM FOR CONVERTED POLICY.

(a)An insurer shall determine the premium for a converted policy issued under this subchapter in accordance with the insurer's table of premium rates for coverage that was provided under the group policy. The premium:

(1)must be based on the type of converted policy and the coverage provided by the policy; and

(2)may be based on the age and geographic location of each individual to be covered.

(b)The premium for the same coverage and benefits under a converted policy may not exceed 200 percent of the premium determined for the group policy in accordance with Subsection (a).

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Sec. 1251.257. PREMIUM FOR CONVERTED POLICY. (a) An insurer shall determine the premium for a converted policy issued under this subchapter in accordance with the insurer's table of premium rates for coverage that was provided under the group policy. The premium:
(1) must be based on the type of converted policy and the coverage provided by the policy; and
(2) may be based on the age and geographic location of each individual to be covered.
(b) The premium for the same coverage and benefits under a converted policy may not exceed 200 percent of the premium determined for the group policy in accordance with Subsection (a).