Tex. Ins. Code § 887.304

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 887.304 - Limit on Rate Increases

Notwithstanding any other provision of this chapter, on a life insurance certificate issued after May 21, 1965, an association may not during any consecutive five-year period increase the rate to more than double the rate charged the insured at the time of the rate increase.

Tex. Ins. Code § 887.304

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.