Texas Statutes
§ 887.403 — ISSUE YEAR AND ISSUE AGE IN CERTAIN INSURANCE CERTIFICATES.
Texas § 887.403
JurisdictionTexas
Code INInsurance Code
This text of Texas § 887.403 (ISSUE YEAR AND ISSUE AGE IN 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. § 887.403 (2026).
Text
Sec. 887.403. ISSUE YEAR AND ISSUE AGE IN CERTAIN INSURANCE CERTIFICATES.
(a)In this section, "gross premium" means the renewal net premium plus any expense loading designated by the association or as otherwise regulated by this chapter.
(b)For an individual or family group life insurance certificate in force on December 31, 1965, or an individual or family group life insurance certificate with a rate increase effective after December 31, 1965, the reserves may be computed as if:
(1)the issue year is the last calendar year that the gross premium computed using the reserve table and interest rate adopted by the association at the insured's age in that calendar year is equal to or less than the premium rate charged by the association on the reserved certificate; and
(2)the issue age is t
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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 § 887.403, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/887.403.