Texas Insurance Code - Not Codified - Article 3.29. Extra Hazardous Policies
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Art. 3.29. EXTRA HAZARDOUS POLICIES.
Article repealed effective April 1, 2007
If any life insurance company doing business under the laws
of this State has written or assumed risks that are sub-standard or
extra hazardous and has charged therefor more than its published
rates of premium, the Board of Insurance Commissioners shall in
valuing such policies compute and charge such extra reserves
thereon as is warranted by reason of the extra hazard assumed and
the extra premium charged. If the Board of Insurance Commissioners
shall find, after notice and hearing, that a particular risk or
class of risks is sub-standard or extra hazardous, then and in that
event no such company shall thereafter write or assume any such
risks unless they charge therefor such extra premium as is
warranted by reason of the extra hazard assumed.
Acts 1951, 52nd Leg., ch. 491.
Article: 2.10-5 3.10 3.11 3.16 3.17 3.18 3.28 3.29 3.31 3.32 3.33 3.38 3.39 3.39a 3.40
Last modified: August 11, 2007
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