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Texas Insurance Code - INS § 887.202. Stipulated Premium Plan;  Deduction of Unpaid Premium Balance

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) An association may issue an insurance certificate on a stipulated premium plan that provides for the insured to pay regular premiums weekly, monthly, quarterly, semiannually, or annually, as determined by the insured.

(b) An association may issue an insurance certificate that provides that on the maturity of benefits payable under the certificate any balance of premium for the certificate year remaining unpaid is deducted from the benefits payable.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 887.202. Stipulated Premium Plan;  Deduction of Unpaid Premium Balance - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-887-202/

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