Tex. Ins. Code § 1651.056 · Subchapter B. BENEFIT PLAN STANDARDS
REVIEW; APPROVAL OR DISAPPROVAL OF PREMIUM RATES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A long-term care premium rate may not be used until the rate has been filed with the department and approved by the commissioner.
(b) The commissioner may disapprove a long-term care premium rate that is not actuarially justified or does not comply with standards established under this chapter or adopted by rule by the commissioner.
(c) An insurer who obtains the commissioner's approval of an increase of a long-term care premium rate under Subsection (a) shall:
(1) notify policyholders of the scheduled rate increase at least 45 days prior to the date that the policyholder is required to make a premium payment at the increased rate; and
(2) provide contingent nonforfeiture benefits consistent with nationally recognized models and rules adopted by the commissioner.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 1374 (S.B. 963), Sec. 1, eff. September 1, 2009.
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 888208714ae20107ab0967a898a91efeb84c9946552a0759937351c51491b5a9
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.