Texas Insurance Code 1251.109 – Adjustment of Premiums or Benefits If Age of Insured Is Misstated
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(a) A group accident and health insurance policy under which the premiums or benefits vary by age must specify an equitable adjustment of premiums or benefits, or both, to be made if the age of an insured has been misstated.
(b) The provision required by Subsection (a) must contain a clear statement of the method of adjustment to be used.
Terms Used In Texas Insurance Code 1251.109
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts