Texas Statutes
§ 887.302 — AUTHORITY TO INCREASE ASSESSMENT RATES ON CERTAIN INSURANCE CERTIFICATES.
Texas § 887.302
JurisdictionTexas
Code INInsurance Code
This text of Texas § 887.302 (AUTHORITY TO INCREASE ASSESSMENT RATES ON CERTAIN INSURANCE CERTIFICATES.) 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. § 887.302 (2026).
Text
Sec. 887.302. AUTHORITY TO INCREASE ASSESSMENT RATES ON CERTAIN INSURANCE CERTIFICATES.
(a)An association's board of directors may by resolution increase assessment rates on life insurance certificates in force up to the rate on an attained age basis in accordance with the 1956 Chamberlain Reserve Table, with interest at 3-1/2 percent a year, or any other reasonable, equitable, or necessary increase. The board may also adjust assessment rates on accident, health, and hospitalization insurance certificates in force.
(b)An assessment rate increase or adjustment under this section on insurance certificates in force applies to all classes of the same or similar certificates.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Nearby Sections
15
§ 887.001
DEFINITIONS.§ 887.002
PURPOSE.§ 887.003
APPLICABILITY OF CHAPTER.§ 887.006
CONSTRUCTION.§ 887.007
DEPOSIT OF FEES.§ 887.009
RULES.§ 887.051
BYLAWS.§ 887.052
AMENDMENT OF BYLAWS.§ 887.053
IMMUNITY.§ 887.054
FINANCIAL OFFICER; BOND.§ 887.056
RECOVERY ON BOND.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 887.302, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/887.302.