Texas § 1253.057 INDIVIDUAL PREMIUM RATE INCREASE.

Texas Statutes

§ 1253.057 — INDIVIDUAL PREMIUM RATE INCREASE.

Texas § 1253.057

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 1253.057 (2026).

Text

Sec. 1253.057. INDIVIDUAL PREMIUM RATE INCREASE.

(a)A policy may provide that, during the period of a work stoppage, each individual premium rate shall be increased by an amount not to exceed 20 percent of the amount shown in the policy, or a greater percentage as approved by the commissioner, to provide sufficient compensation to the insurer to cover increased:

(1)administrative costs; and

(2)mortality and morbidity.

(b)If a policy provides for a premium rate increase in accordance with this section, the amount of an employee's contribution must be increased by the same percentage.

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Sec. 1253.057. INDIVIDUAL PREMIUM RATE INCREASE. (a) A policy may provide that, during the period of a work stoppage, each individual premium rate shall be increased by an amount not to exceed 20 percent of the amount shown in the policy, or a greater percentage as approved by the commissioner, to provide sufficient compensation to the insurer to cover increased:
(1) administrative costs; and
(2) mortality and morbidity.
(b) If a policy provides for a premium rate increase in accordance with this section, the amount of an employee's contribution must be increased by the same percentage.