Texas § IN.463.256 - ALTERNATIVE POLICY
Full text of Texas The Texas Constitution § IN.463.256 — ALTERNATIVE POLICY, with citation guidance and answers to common questions.
§ IN.463.256. ALTERNATIVE POLICY
ALTERNATIVE POLICY. (a) An alternative policy issued by the association must: (1) be approved by the commissioner; (2) provide coverage of a kind that the association determines is similar to the coverage of the policy issued by the impaired or insolvent insurer; (3) contain at least the minimum provisions required by the statutes of this state; and (4) provide benefits that are not unreasonable in relation to the premium charged. (b) The association shall set the premium according to a table of rates the association adopts. The premium: (1) must reflect: (A) the amount of insurance provided; and (B) each insured's or enrollee's age and class of risk; and (2) may not reflect any change in an insured's or enrollee's health occurring after the original policy was most recently underwritten. (c) The association may adopt various kinds of alternative policies to issue at a later date without regard to any particular impairment or insolvency. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007. Amended by: Acts 2019, 86th Leg., R.S., Ch. 432 (S.B. 1153 ), Sec. 20, eff. September 1, 2019.
Frequently Asked Questions About Texas § IN.463.256
What does The Texas Constitution § IN.463.256 cover?
Section IN.463.256 ("ALTERNATIVE POLICY") 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.463.256?
A common citation format is "The Texas Constitution § IN.463.256" (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.463.256 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.