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Home > Title 28 > Part 1 > Chapter 13 >Subchapter A > Rule 13.28
TITLE 28 - INSURANCE
PART 1 - TEXAS DEPARTMENT OF INSURANCE
CHAPTER 13 - MISCELLANEOUS INSURERS AND OTHER REGULATED ENTITIES
SUBCHAPTER A - STATEWIDE MUTUAL ASSESSMENT COMPANIES, LOCAL MUTUAL AID ASSOCIATIONS, AND BURIAL ASSOCIATIONS
SECTION/RULE §13.28 - Uncollected Premiums
Chapter Review Date 06/08/2021

The association may take an asset in the mortuary fund for uncollected net premiums on policies for which the reserve has been included in the reserve valuation. No credit will be allowed for deferred premiums if a method adopted by the company or association for computing its reserve liability on outstanding policies is based on the 1956 Chamberlain Reserve Table. The State Board of Insurance will accept a reasonable estimate of the amount of this asset in lieu of an amount determined by actual computation.

Source Note: The provisions of this §13.28 adopted to be effective January 1, 1976; amended to be effective April 11, 1983, 8 TexReg 1025.

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