SB 448, 59th R.S.
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.
The Legislative Archive System is a work in progress. Complete information is not available for all bills and all sessions. Visit the Legislative Archive System status page for details. Please contact the Legislative Reference Library at 512-463-1252 if you have any questions.
Information on this website is provided as a public service by the Legislative Reference Library. The Legislative Reference Library makes no representation as to its completeness or accuracy and makes no warranty in regard to its use. Users assume all risk of reliance on the information included on this site.