By: Craddick H.B. No. 3370       A BILL TO BE ENTITLED   AN ACT   relating to limiting increases in premium for life insurance   policies.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:   SECTION 1.  Subchapter D, Chapter 1101, Life Insurance, is amended   by adding Section 1101.157 to read as follows:          Sec. 1101.157.  LIMIT ON INCREASES IN PREMIUMS, COSTS,   CHARGES, EXPENSES, OR FEES. (a)     In this section:          (1)  “Insurer” has the meaning assigned by Section 1102.001,   Insurance Code.          (2)  “Insurance policy” has the meaning assigned by Section   1102.001, Insurance Code.          (b)  An insurer may not increase any premium, cost, charge,   administrative expense, or fee associated with a life insurance   policy by more than 10 percent in any given year.          (c)  Subsection (b), does not apply to an increase in   premium, cost, charge, expense, or fee if the schedule and amount of   the increase is disclosed at the time of policy issuance, including   increases in premium based on attained age.          SECTION 2.  This Act takes effect September 1, 2017.