1105.053 – COMPUTATION OF AMOUNTS FOR POLICY WITH CHANGING
Texas Insurance Code § 1105.053
Summary
This law governs how to calculate amounts for insurance policies that allow for unscheduled changes in benefits or premiums. It ensures that these calculations are based on guaranteed assumptions about future changes, affecting both insurers and policyholders.
Applies to policies with unscheduled changes in benefits or premiums.
Requires calculations based on guaranteed future assumptions.
Affects both insurers and policyholders in premium adjustments.
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In simple terms: Learn about Texas's COMPUTATION OF AMOUNTS FOR POLICY WITH CHANGING 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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