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SB 448, 59th Regular Session
Relating to amending the Insurance Code by providing that the premium charged on all policies reinsured shall be at least equal to the renewal net premium calculated in accordance with the reserve standards adopted by the reinsurance agreement, and based upon the insureds age at issue, except that on any family group policy the gross premium may be less than the renewal net premium under certain conditions, and requiring a permissive deficiency premium reserve.

Author: Ralph M. Hall

Session Law Chapter:
Acts 1965, 59th R.S.,ch. 668, General and Special Laws of Texas

Insurance--Life & Annuities

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