Texas § IN.1501.205 - PREMIUM RATES
Full text of Texas The Texas Constitution § IN.1501.205 — PREMIUM RATES, with citation guidance and answers to common questions.
§ IN.1501.205. PREMIUM RATES
PREMIUM RATES: ESTABLISHMENT. (a) In this section: (1) "Risk characteristic" means: (A) a health status related factor; (B) the duration of coverage; or (C) any characteristic similar to a characteristic described by Paragraph (A) or (B) that is related to the health status or experience of a small employer group or of any member of a small employer group. (2) "Risk load" means the percentage above the applicable base premium rate a small employer health benefit plan issuer charges to a small employer to reflect the risk characteristics associated with that particular small employer group. (b) Small employer health benefit plan issuers shall develop premium rates for each small employer group in a two-step process. In the first step, the small employer health benefit plan issuer shall develop a base premium rate for each small employer group without regard to any risk characteristic of the group. In the second step, the small employer health benefit plan issuer may adjust the resulting base premium rate by the risk load of the group, subject to this subchapter, to reflect the risk characteristics of the group. (c) The risk load assessed to a particular group shall reflect the risk characteristics of the particular group. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005.
Frequently Asked Questions About Texas § IN.1501.205
What does The Texas Constitution § IN.1501.205 cover?
Section IN.1501.205 ("PREMIUM RATES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.1501.205?
A common citation format is "The Texas Constitution § IN.1501.205" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.1501.205 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.