85R16210 MEW-F     By: Craddick H.B. No. 3370       A BILL TO BE ENTITLED   AN ACT   relating to certain limitations on the increase of a premium, cost,   charge, administrative expense, or fee associated with a life   insurance policy.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  The heading to Subchapter B, Chapter 1101,   Insurance Code, is amended to read as follows:   SUBCHAPTER B.  PROHIBITIONS RELATED TO POLICIES AND [PROHIBITED]   POLICY PROVISIONS          SECTION 2.  Subchapter B, Chapter 1101, Insurance Code, is   amended by adding Section 1101.057 to read as follows:          Sec. 1101.057.  LIMITATIONS ON INCREASES OF PREMIUMS, COSTS,   CHARGES, EXPENSES, OR FEES. (a) In this section, "insurer" has the   meaning assigned by Section 1102.001.          (b)  Except as provided by Subsection (c), an insurer may not   increase a premium, cost, charge, administrative expense, or fee   associated with a life insurance policy by an amount that exceeds 10   percent of the premium, cost, charge, expense, or fee during any   year.          (c)  Subsection (b) does not apply to an increase in a   premium, cost, charge, administrative expense, or fee associated   with a life insurance policy, including an increase in premium   based on a policyholder's attained age, if the schedule and amount   of the increase are disclosed to the policyholder at the time the   policy is issued.          SECTION 3.  Section 1101.057, Insurance Code, as added by   this Act, applies only to a premium, cost, charge, administrative   expense, or fee associated with a life insurance policy that is   delivered, issued for delivery, or renewed on or after January 1,   2018. A premium, cost, charge, administrative expense, or fee   associated with a life insurance policy delivered, issued for   delivery, or renewed before January 1, 2018, is governed by the law   as it existed immediately before the effective date of this Act, and   that law is continued in effect for that purpose.          SECTION 4.  This Act takes effect September 1, 2017.