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Tex. Insurance Code § 887.202

STIPULATED PREMIUM PLAN; DEDUCTION OF UNPAID PREMIUM BALANCE

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 887.202, STIPULATED PREMIUM PLAN; DEDUCTION OF UNPAID PREMIUM BALANCE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680248
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(a) An association may issue an insurance certificate on a stipulated premium plan that provides for the insured to pay regular premiums weekly, monthly, quarterly, semiannually, or annually, as determined by the insured. (b) An association may issue an insurance certificate that provides that on the maturity of benefits payable under the certificate any balance of premium for the certificate year remaining unpaid is deducted from the benefits payable.