Limit On Rate Increases

Sec. 887.304. LIMIT ON RATE INCREASES. Notwithstanding any other provision of this chapter, on a life insurance certificate issued after May 21, 1965, an association may not during any consecutive five-year period increase the rate to more than double the rate charged the insured at the time of the rate increase. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.