Tex. Ins. Code § 884.351 · Subchapter H. CONTENTS OF APPLICATIONS AND POLICIES
GENERAL REQUIREMENTS FOR POLICY AND APPLICATION FORMS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Each stipulated premium company policy or application form must contain on its face immediately after the name of the company "A Stipulated Premium Company."
(b) A stipulated premium company shall provide for an adjustment of the premium rate on the insurance contract in each insurance policy it issues, reinsures, or assumes that is subject to a premium adjustment under Section 884.309. Each policy subject to a premium adjustment under that section must contain on the front of the policy a statement that the premium is subject to readjustment.
(c) A stipulated premium company's policy of insurance may not contain "Approved by the Commissioner of Insurance" or words of a similar meaning.
(d) A life insurance policy issued by a stipulated premium company or an application for the policy may not contain language or be in a form that misleads the policyholder or applicant about the kind of insurance offered or the rights or benefits of the policyholder or applicant.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.884.htm
- Text hash
- sha256 e4e9eaadd8bf4f06d8efd39be84127029d1ea2d692b9648821adb99f6451c2e7
- 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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