This section provides definitions for key terms related to insurance policies, specifically focusing on changes in charges that affect policy owners. It is relevant for insurers and policyholders to understand how premium adjustments are categorized and communicated.
Defines 'adverse change' as an increase in policy charges.
Clarifies 'current scale of charges' before any adverse change.
Explains 'non-guaranteed charges' related to insurance policies.
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In simple terms: Learn about Texas's DEFINITIONS. In this subchapter: law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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