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TITLE 28INSURANCE
PART 1TEXAS DEPARTMENT OF INSURANCE
CHAPTER 3LIFE, ACCIDENT, AND HEALTH INSURANCE AND ANNUITIES
SUBCHAPTER FFCREDIT LIFE AND CREDIT ACCIDENT AND HEALTH INSURANCE
DIVISION 4PRESUMPTIVELY ACCEPTABLE RELATION OF CREDIT LIFE INSURANCE BENEFITS TO PREMIUMS
RULE §3.5306Premiums Based on Age

If the premiums are determined according to age of the insured debtor or by age brackets, appropriate adjustments in the rate and premium may be made according to age if such adjustments are actuarially consistent with the foregoing rates when applied regardless of actual age at issue and if such adjustments produce an aggregate premium not substantially greater than that produced by the foregoing rates, and such rates and actuarially consistent computations are filed with and approved by the commissioner of insurance.


Source Note: The provisions of this §3.5306 adopted to be effective October 1, 1980, 5 TexReg 2772.

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