1201.109 – NOTICE OF RATE INCREASE FOR MAJOR MEDICAL
Texas Insurance Code § 1201.109
Summary
This law requires insurers to notify policyholders at least 60 days before a premium rate increase for major medical expense insurance. It ensures that insured individuals are informed about changes to their policy costs in a timely manner.
Insurers must notify policyholders 60 days prior to rate increases.
Notice includes the effective date of the premium increase.
A detailed table of the rate changes must be provided.
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In simple terms: Learn about Texas's NOTICE OF RATE INCREASE FOR MAJOR MEDICAL 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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