1131.857 – INDIVIDUAL PREMIUM RATE INCREASE. (a) A policy
Texas Insurance Code § 1131.857
Summary
This law allows insurers to increase individual premium rates by up to 20% during work stoppages to cover increased costs. It affects policyholders and insurers by permitting adjustments based on administrative and health-related expenses.
Premium rates can increase up to 20% during work stoppages.
Increases must cover administrative costs and health risks.
Commissioner may approve higher percentage increases.
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In simple terms: Learn about Texas's INDIVIDUAL PREMIUM RATE INCREASE. (a) A policy 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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