Tex. Insurance Code § 1131.107
This is the official text of Tex. Insurance Code § 1131.107, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 1131.107. ADJUSTMENT OF PREMIUMS OR BENEFITS IF AGE OF INSURED IS MISSTATED.
Official statutory text
(a) A group life insurance policy must specify an equitable adjustment of premiums, benefits, or both, to be made if the age of an insured has been misstated.
(b) The provision required by Subsection (a) must contain a clear statement of the method of adjustment to be used.
(c) This section does not apply to a policy to which Section 1131.703 applies.
(b) The provision required by Subsection (a) must contain a clear statement of the method of adjustment to be used.
(c) This section does not apply to a policy to which Section 1131.703 applies.
Status: in_force · Read it on the official government site
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