Tex. Insurance Code § 1131.857
This is the official text of Tex. Insurance Code § 1131.857, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 1131.857. INDIVIDUAL PREMIUM RATE INCREASE.
Official statutory text
(a) A policy may provide that, during the period of a work stoppage, an individual premium rate may 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.
(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.
Status: in_force · Read it on the official government site
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