1105.006 – DETERMINATION OF RATED AGE. For purposes of
Texas Insurance Code § 1105.006
Summary
This law establishes that the rated age of an insured individual is determined based on the date their insurance policy is issued. This affects insurance companies and policyholders by providing a clear reference point for age-related calculations in insurance policies.
Rated age is based on the policy issuance date.
Affects both insurers and insured individuals.
Clarifies age determination for insurance purposes.
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In simple terms: Learn about Texas's DETERMINATION OF RATED AGE. For purposes of 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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