<<Prev Rule | Texas Administrative Code |
Next Rule>> |
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 3 | FILING AND APPROVAL OF FORMS AND RATES |
RULE §3.5203 | Earned Premiums |
"Earned premium" means the total gross premiums which become due the insurance company, without reduction of any kind, except for premiums refunded or adjusted on account of termination of coverage, appropriately adjusted for changes in unearned premium reserve calculated as follows: |
Source Note: The provisions of this §3.5203 adopted to be effective October 1, 1980, 5 TexReg 2772; amended to be effective June 30, 1992, 17 TexReg 4345. |