Tex. Ins. Code § 1651.055 · Subchapter B. BENEFIT PLAN STANDARDS
RATE STABILIZATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner shall adopt rules to stabilize long-term care premium rates by:
(1) ensuring that:
(A) initial rates for long-term care benefit plan forms are adequate; and
(B) any rate schedule increases for long-term care benefit plans made after issuance of the plans are justified, adequate, and reasonable in relation to benefits provided to plan holders;
(2) requiring any appropriate plan terms;
(3) imposing penalties on insurers or other entities subject to this chapter that violate a rule adopted under this section; and
(4) protecting plan holders affected by a rate schedule increase.
(b) Repealed by Acts 2017, 85th Leg., R.S., Ch. 432 (S.B. 1492), Sec. 1, eff. September 1, 2017.
(c) In adopting rules under this section, the commissioner may exempt long-term care benefit plans from the requirements of Sections 1651.053(a), (b), and (d).
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 4, eff. April 1, 2005.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 432 (S.B. 1492), Sec. 1, eff. September 1, 2017.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1651.htm
- Text hash
- sha256 2838bb9663a42b79d7c897f9ca08418225613306815aafe907081f38eab176b7
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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