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TITLE 28 | INSURANCE |
PART 1 | TEXAS DEPARTMENT OF INSURANCE |
CHAPTER 3 | LIFE, ACCIDENT, AND HEALTH INSURANCE AND ANNUITIES |
SUBCHAPTER FF | CREDIT LIFE AND CREDIT ACCIDENT AND HEALTH INSURANCE |
DIVISION 9 | PREMIUM REFUNDS |
RULE §3.5906 | Treatment of Partial Months |
In calculating refunds upon termination, no charge for credit insurance may be made for the first 15 days of a loan month, and a full month may be charged for 16 days or more of a loan month. |
Source Note: The provisions of this §3.5906 adopted to be effective October 1, 1980, 5 TexReg 2772; amended to be effective June 30, 1992, 17 TexReg 4345. |