Sec. 883.154. MAXIMUM PREMIUMS  


Latest version.
  • (a) The maximum premium of an insurance policy issued by a domestic mutual insurance company must be stated in the policy.

    (b) A policy's maximum premium may consist only of:

    (1) a cash premium; or

    (2) a cash premium and a contingent premium in an amount equal to one additional cash premium.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.