Tex. Insurance Code § 1110.005
FREQUENCY OF ADJUSTABLE INTEREST RATE DETERMINATION
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 1110.005, FREQUENCY OF ADJUSTABLE INTEREST RATE DETERMINATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680945
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Full text
A life insurer shall determine the adjustable interest rate under Section 1110.004(b)(2) at regular intervals at least once every 12 months but not more frequently than once in any three-month period. At the intervals specified in the life insurance policy, the insurer:
(1) may increase the rate charged when the interest rate determined under Section 1110.004(b)(2) would result in a rate increase of at least one-half of one percent per year; and
(2) shall reduce the rate charged when the interest rate determined under Section 1110.004(b)(2) would result in a rate decrease of at least one-half of one percent per year.