Texas § IN.1651.055 - RATE STABILIZATION
Full text of Texas The Texas Constitution § IN.1651.055 — RATE STABILIZATION, with citation guidance and answers to common questions.
§ IN.1651.055. RATE STABILIZATION
RATE STABILIZATION. (a) The commissioner shall adopt rules to stabilize long-term care premium rates by: (1) ensuring that: (A) initial rates for long-term care benefit plan forms are adequate; and (B) any rate schedule increases for long-term care benefit plans made after issuance of the plans are justified, adequate, and reasonable in relation to benefits provided to plan holders; (2) requiring any appropriate plan terms; (3) imposing penalties on insurers or other entities subject to this chapter that violate a rule adopted under this section; and (4) protecting plan holders affected by a rate schedule increase. (b) Repealed by Acts 2017, 85th Leg., R.S., Ch. 432 (S.B. 1492 ), Sec. 1, eff. September 1, 2017. (c) In adopting rules under this section, the commissioner may exempt long-term care benefit plans from the requirements of Sections 1651.053 (a), (b), and (d). Added by Acts 2003, 78th Leg., ch. 1274, Sec. 4, eff. April 1, 2005. Amended by: Acts 2017, 85th Leg., R.S., Ch. 432 (S.B. 1492 ), Sec. 1, eff. September 1, 2017.
Frequently Asked Questions About Texas § IN.1651.055
What does The Texas Constitution § IN.1651.055 cover?
Section IN.1651.055 ("RATE STABILIZATION") 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.1651.055?
A common citation format is "The Texas Constitution § IN.1651.055" (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.1651.055 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.