Tex. Insurance Code § 3502.153
UNEARNED PREMIUM RESERVE
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 3502.153, UNEARNED PREMIUM RESERVE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/685238
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Full text
(a) Except as provided by Subsection (b), the unearned premium reserve on mortgage guaranty insurance must be computed in accordance with this code.
(b) For a policy covering a risk period of more than one year, the unearned premium reserve must be computed in accordance with standards adopted by the commissioner after appropriate hearings.