Texas Statutes
Insurance Code
Title 7 - Life Insurance and Annuities

Section 1101.010. Nonforfeiture Benefits and Cash Surrender Values in General - Sec. 1101.010. NONFORFEITURE BENEFITS AND CASH SURRENDER VALUES IN GENERAL....

Section 1101.011. Time for Settlement of Claim - Sec. 1101.011. TIME FOR SETTLEMENT OF CLAIM. (a) Except as...

Section 1101.012. Table of Installments of Proceeds - Sec. 1101.012. TABLE OF INSTALLMENTS OF PROCEEDS. A life insurance...

Section 1101.013. Statement of Maximum Amount Payable Under Family Group Life Insurance Policy - Sec. 1101.013. STATEMENT OF MAXIMUM AMOUNT PAYABLE UNDER FAMILY GROUP...

Subchapter B. Prohibited Policy Provisions

Section 1101.051. Applicability of Subchapter - Sec. 1101.051. APPLICABILITY OF SUBCHAPTER. Unless otherwise provided by this...

Section 1101.052. Exclusion - Sec. 1101.052. EXCLUSION. Unless otherwise provided by this subchapter, this...

Section 1101.053. Certain Limitations Periods - Sec. 1101.053. CERTAIN LIMITATIONS PERIODS. A life insurance policy may...

Section 1101.054. Retroactive Issuance or Effect; Exchange or Conversion - Sec. 1101.054. RETROACTIVE ISSUANCE OR EFFECT; EXCHANGE OR CONVERSION. (a)...

Section 1101.055. Settlement on Maturity Less Than Face Value - Sec. 1101.055. SETTLEMENT ON MATURITY LESS THAN FACE VALUE. (a)...

Section 1101.056. Preliminary Term Insurance of More Than One Year in Level Premium Policy - Sec. 1101.056. PRELIMINARY TERM INSURANCE OF MORE THAN ONE YEAR...

Subchapter C. Policy Provisions Required by Other Jurisdictions

Section 1101.101. Required Policy Provisions - Sec. 1101.101. REQUIRED POLICY PROVISIONS. (a) A policy issued in...

Subchapter D. Rights of Insured Under Certain Older Policies

Section 1101.151. Applicability of Subchapter - Sec. 1101.151. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1101.152. Stipulated Form of Insurance - Sec. 1101.152. STIPULATED FORM OF INSURANCE. In case of a...

Section 1101.153. Computation of Net Value of Stipulated Form of Insurance - Sec. 1101.153. COMPUTATION OF NET VALUE OF STIPULATED FORM OF...

Section 1101.154. Surrender of Policy for Specified Cash Surrender Value - Sec. 1101.154. SURRENDER OF POLICY FOR SPECIFIED CASH SURRENDER VALUE....

Section 1101.155. Cash Value Table - Sec. 1101.155. CASH VALUE TABLE. A life insurance policy to...

Section 1101.156. Purchase of Other Insurance and Reinstatement - Sec. 1101.156. PURCHASE OF OTHER INSURANCE AND REINSTATEMENT. A life...

Subchapter E. Disclosures and Notices Relating to Life Insurance Policies With Non-Guaranteed Charges

Section 1101.201. Purpose - Sec. 1101.201. PURPOSE. This subchapter is intended to provide standards...

Section 1101.202. Definitions - Sec. 1101.202. DEFINITIONS. In this subchapter: (1) "Adverse change" means...

Section 1101.203. Applicability - Sec. 1101.203. APPLICABILITY. (a) This subchapter applies to a life...

Section 1101.204. Disclosure of Non-Guaranteed Charge Increase After Issuance of Policy - Sec. 1101.204. DISCLOSURE OF NON-GUARANTEED CHARGE INCREASE AFTER ISSUANCE OF...

Section 1101.205. Disclosure of Credited Interest Rate Decrease After Issuance of Policy - Sec. 1101.205. DISCLOSURE OF CREDITED INTEREST RATE DECREASE AFTER ISSUANCE...

Section 1101.206. Annual Illustration - Sec. 1101.206. ANNUAL ILLUSTRATION. Regardless of whether any non-guaranteed charges...

Section 1101.207. Rules - Sec. 1101.207. RULES. (a) The commissioner may adopt rules as...

Subchapter F. Prohibited Practices Relating to Prescription for or Obtainment of Opioid Antagonist

Section 1101.251. Definition - Sec. 1101.251. DEFINITION. In this subchapter, "opioid antagonist" means any...

Section 1101.252. Applicability of Subchapter - Sec. 1101.252. APPLICABILITY OF SUBCHAPTER. This subchapter applies to a...

Section 1101.253. Prohibition - Sec. 1101.253. PROHIBITION. A life insurance company may not, based...

Chapter 1102 - Payment of Insurance Benefits in Currency

Section 1102.001. Definitions - Sec. 1102.001. DEFINITIONS. In this chapter: (1) "Insurance policy" means...

Section 1102.002. Benefits Payable in Currency - Sec. 1102.002. BENEFITS PAYABLE IN CURRENCY. Each benefit payable under...

Section 1102.003. Statement Regarding Value of Foreign Currency - Sec. 1102.003. STATEMENT REGARDING VALUE OF FOREIGN CURRENCY. (a) An...

Section 1102.004. Previously Approved Insurance Policy Form Payable in Foreign Currency - Sec. 1102.004. PREVIOUSLY APPROVED INSURANCE POLICY FORM PAYABLE IN FOREIGN...

Section 1102.005. Rules - Sec. 1102.005. RULES. The commissioner may adopt reasonable rules to...

Chapter 1103 - Life Insurance Policy Beneficiaries

Subchapter A. Statutory Life Insurance Beneficiaries; Insurable Interest

Section 1103.001. Applicability of Subchapter - Sec. 1103.001. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1103.002. Insurable Interest of Beneficiary - Sec. 1103.002. INSURABLE INTEREST OF BENEFICIARY. A beneficiary described by...

Section 1103.003. Corporation, Joint Stock Association, or Trust Estate as Beneficiary - Sec. 1103.003. CORPORATION, JOINT STOCK ASSOCIATION, OR TRUST ESTATE AS...

Section 1103.004. Partnership or Partner as Beneficiary - Sec. 1103.004. PARTNERSHIP OR PARTNER AS BENEFICIARY. A partnership or...

Section 1103.005. Religious, Educational, Eleemosynary, Charitable, or Benevolent Institution or Undertaking as Beneficiary - Sec. 1103.005. RELIGIOUS, EDUCATIONAL, ELEEMOSYNARY, CHARITABLE, OR BENEVOLENT INSTITUTION OR...

Subchapter B. Designation of Beneficiary or Owner of Life Insurance Policy; Insurable Interest

Section 1103.051. Applicability of Subchapter - Sec. 1103.051. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1103.052. Liberal Construction - Sec. 1103.052. LIBERAL CONSTRUCTION. This subchapter shall be liberally construed...

Section 1103.053. Insurable Interest of Beneficiary, Owner, Transferee, or Assignee - Sec. 1103.053. INSURABLE INTEREST OF BENEFICIARY, OWNER, TRANSFEREE, OR ASSIGNEE....

Section 1103.054. Designation of Beneficiary or Owner in Policy Application - Sec. 1103.054. DESIGNATION OF BENEFICIARY OR OWNER IN POLICY APPLICATION....

Section 1103.055. Designation of Beneficiary of Policy; Transfer or Assignment of Policy or Interest - Sec. 1103.055. DESIGNATION OF BENEFICIARY OF POLICY; TRANSFER OR ASSIGNMENT...

Section 1103.056. Purchase of or Application for Policy by Third Party - Sec. 1103.056. PURCHASE OF OR APPLICATION FOR POLICY BY THIRD...

Subchapter C. Payment of Proceeds

Section 1103.101. Applicability of Subchapter - Sec. 1103.101. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1103.102. Payment to Designated Beneficiary - Sec. 1103.102. PAYMENT TO DESIGNATED BENEFICIARY. (a) Except as provided...

Section 1103.103. Discharge of Liability - Sec. 1103.103. DISCHARGE OF LIABILITY. In the absence of notice...

Section 1103.104. Interest on Proceeds - Sec. 1103.104. INTEREST ON PROCEEDS. (a) Interest on the proceeds...

Subchapter D. Forfeiture of Beneficiary's Rights

Section 1103.151. Forfeiture - Sec. 1103.151. FORFEITURE. A beneficiary of a life insurance policy...

Section 1103.152. Payment of Proceeds to Contingent Beneficiary or to Relative - Sec. 1103.152. PAYMENT OF PROCEEDS TO CONTINGENT BENEFICIARY OR TO...

Chapter 1104 - Life Insurance and Annuity Contracts Issued to Certain Persons

Subchapter A. Life Insurance and Annuity Contracts With Certain Minors

Section 1104.001. Applicability of Subchapter - Sec. 1104.001. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1104.002. Certain Transactions Exempt - Sec. 1104.002. CERTAIN TRANSACTIONS EXEMPT. This subchapter does not apply...

Section 1104.003. Authority to Contract - Sec. 1104.003. AUTHORITY TO CONTRACT. (a) Subject to this subchapter,...

Section 1104.004. Written Approval by Adult Required - Sec. 1104.004. WRITTEN APPROVAL BY ADULT REQUIRED. An application or...

Section 1104.005. Rescission Because of Minority Prohibited - Sec. 1104.005. RESCISSION BECAUSE OF MINORITY PROHIBITED. A minor who...

Section 1104.006. Effect on Policy or Contract - Sec. 1104.006. EFFECT ON POLICY OR CONTRACT. This subchapter does...

Subchapter B. Trustee Named as Beneficiary of Life Insurance Policy

Section 1104.021. Trustee Named as Beneficiary in Policy - Sec. 1104.021. TRUSTEE NAMED AS BENEFICIARY IN POLICY. (a) An...

Section 1104.022. Trustee Named as Beneficiary in Will - Sec. 1104.022. TRUSTEE NAMED AS BENEFICIARY IN WILL. (a) A...

Section 1104.023. Debts; Inheritance Tax - Sec. 1104.023. DEBTS; INHERITANCE TAX. Life insurance policy proceeds received...

Section 1104.024. Commingling - Sec. 1104.024. COMMINGLING. Life insurance policy proceeds received by a...

Section 1104.025. Certain Prior Beneficiary Designations Not Affected - Sec. 1104.025. CERTAIN PRIOR BENEFICIARY DESIGNATIONS NOT AFFECTED. This subchapter...

Chapter 1105 - Standard Nonforfeiture Law for Life Insurance

Subchapter A. General Provisions

Section 1105.001. Short Title - Sec. 1105.001. SHORT TITLE. This chapter may be cited as...

Section 1105.0015. Definition - Sec. 1105.0015. DEFINITION. In this chapter, "operative date of the...

Section 1105.002. Applicability of Chapter - Sec. 1105.002. APPLICABILITY OF CHAPTER. (a) This chapter applies to...

Section 1105.003. Exemptions - Sec. 1105.003. EXEMPTIONS. (a) This chapter does not apply to:...

Section 1105.004. Required Nonforfeiture Provisions - Sec. 1105.004. REQUIRED NONFORFEITURE PROVISIONS. (a) A life insurance policy...

Section 1105.005. Computation of Adjusted Premiums and Present Values; Mortality Tables and Interest Rates - Sec. 1105.005. COMPUTATION OF ADJUSTED PREMIUMS AND PRESENT VALUES; MORTALITY...

Section 1105.006. Determination of Rated Age - Sec. 1105.006. DETERMINATION OF RATED AGE. For purposes of this...

Section 1105.007. Computation of Cash Surrender Value Following Default - Sec. 1105.007. COMPUTATION OF CASH SURRENDER VALUE FOLLOWING DEFAULT. (a)...

Section 1105.008. Computation of Cash Surrender Value on Surrender Following Policy Anniversary - Sec. 1105.008. COMPUTATION OF CASH SURRENDER VALUE ON SURRENDER FOLLOWING...

Section 1105.009. Computation of Paid-Up Nonforfeiture Benefits - Sec. 1105.009. COMPUTATION OF PAID-UP NONFORFEITURE BENEFITS. Any paid-up nonforfeiture...

Section 1105.010. Proration of Values; Net Value of Paid-Up Additions - Sec. 1105.010. PRORATION OF VALUES; NET VALUE OF PAID-UP ADDITIONS....

Section 1105.011. Inclusion of Certain Additional Benefits in Computing Nonforfeiture Benefits Not Required - Sec. 1105.011. INCLUSION OF CERTAIN ADDITIONAL BENEFITS IN COMPUTING NONFORFEITURE...

Section 1105.012. Progression of Cash Surrender Values - Sec. 1105.012. PROGRESSION OF CASH SURRENDER VALUES. (a) This section...

Subchapter B. Computation of Adjusted Premiums Using Nonforfeiture Net Level Premium Method

Section 1105.051. Applicability of Subchapter - Sec. 1105.051. APPLICABILITY OF SUBCHAPTER. (a) This subchapter applies to...

Section 1105.052. Computation of Adjusted Premiums Using Nonforfeiture Net Level Premium Method - Sec. 1105.052. COMPUTATION OF ADJUSTED PREMIUMS USING NONFORFEITURE NET LEVEL...

Section 1105.053. Computation of Amounts for Policy With Changing Benefits or Premiums - Sec. 1105.053. COMPUTATION OF AMOUNTS FOR POLICY WITH CHANGING BENEFITS...

Section 1105.054. Computation of Amounts for Policy Issued on Substandard Basis - Sec. 1105.054. COMPUTATION OF AMOUNTS FOR POLICY ISSUED ON SUBSTANDARD...

Section 1105.055. Use of Mortality Tables and Interest Rates With Nonforfeiture Net Level Premium Method - Sec. 1105.055. USE OF MORTALITY TABLES AND INTEREST RATES WITH...

Section 1105.056. Nonforfeiture Interest Rate - Sec. 1105.056. NONFORFEITURE INTEREST RATE. (a) For a policy issued...

Section 1105.057. Refiling of Policy Provisions Not Required - Sec. 1105.057. REFILING OF POLICY PROVISIONS NOT REQUIRED. Notwithstanding any...

Subchapter C. Nonforfeiture Benefits for Certain Plans

Section 1105.101. Nonforfeiture Benefits for Indeterminate Premium Plans and Certain Other Plans - Sec. 1105.101. NONFORFEITURE BENEFITS FOR INDETERMINATE PREMIUM PLANS AND CERTAIN...

Subchapter D. Computation of Adjusted Premiums for Certain Policies

Section 1105.151. Computation of Adjusted Premiums for Certain Policies Issued Before January 1, 1989 - Sec. 1105.151. COMPUTATION OF ADJUSTED PREMIUMS FOR CERTAIN POLICIES ISSUED...

Section 1105.152. Computation of Adjusted Premiums for Certain Ordinary Policies Issued Before January 1, 1989 - Sec. 1105.152. COMPUTATION OF ADJUSTED PREMIUMS FOR CERTAIN ORDINARY POLICIES...

Section 1105.153. Computation of Adjusted Premiums for Certain Industrial Policies Issued Before January 1, 1989 - Sec. 1105.153. COMPUTATION OF ADJUSTED PREMIUMS FOR CERTAIN INDUSTRIAL POLICIES...

Chapter 1106 - Reinstatement of Certain Life Insurance Policies

Section 1106.001. Applicability of Chapter - Sec. 1106.001. APPLICABILITY OF CHAPTER. (a) This chapter applies to...

Section 1106.002. Reinstatement Required; Exception - Sec. 1106.002. REINSTATEMENT REQUIRED; EXCEPTION. (a) On the lapse of...

Section 1106.003. Mental Incapacity Defined - Sec. 1106.003. MENTAL INCAPACITY DEFINED. In this chapter, "mental incapacity"...

Section 1106.004. Diagnosis of Mental Incapacity Required - Sec. 1106.004. DIAGNOSIS OF MENTAL INCAPACITY REQUIRED. For purposes of...

Section 1106.005. Request for Reinstatement; Limitation - Sec. 1106.005. REQUEST FOR REINSTATEMENT; LIMITATION. (a) A request for...

Section 1106.006. Reinstatement - Sec. 1106.006. REINSTATEMENT. (a) After the requirements of Section 1106.005...

Section 1106.007. Effect of Reinstatement - Sec. 1106.007. EFFECT OF REINSTATEMENT. On reinstatement of the policy,...

Section 1106.008. Reduction in Benefits - Sec. 1106.008. REDUCTION IN BENEFITS. If there is an uncontroverted...

Section 1106.009. Disclosure - Sec. 1106.009. DISCLOSURE. (a) Each insurer shall disclose fully to...

Section 1106.010. Rules - Sec. 1106.010. RULES. The commissioner shall adopt reasonable rules to...

Chapter 1107 - Standard Nonforfeiture Law for Certain Annuities

Subchapter A. General Provisions

Section 1107.001. Applicability of Chapter - Sec. 1107.001. APPLICABILITY OF CHAPTER. (a) This chapter applies to...

Section 1107.002. Exemptions - Sec. 1107.002. EXEMPTIONS. (a) This chapter does not apply to:...

Section 1107.003. Required Nonforfeiture Provisions - Sec. 1107.003. REQUIRED NONFORFEITURE PROVISIONS. (a) An annuity contract delivered...

Section 1107.004. Optional Termination Provision - Sec. 1107.004. OPTIONAL TERMINATION PROVISION. (a) Notwithstanding the requirements of...

Section 1107.005. Contact Disclosure That Certain Benefits Not Provided - Sec. 1107.005. CONTACT DISCLOSURE THAT CERTAIN BENEFITS NOT PROVIDED. An...

Section 1107.006. Maturity Date - Sec. 1107.006. MATURITY DATE. In determining the value of benefits...

Subchapter B. Computation of Minimum Nonforfeiture Amount

Section 1107.051. Minimum Nonforfeiture Amount - Sec. 1107.051. MINIMUM NONFORFEITURE AMOUNT. The minimum value under Subchapter...

Section 1107.052. Contract With Flexible Considerations - Sec. 1107.052. CONTRACT WITH FLEXIBLE CONSIDERATIONS. (a) This section applies...

Section 1107.053. Contract With Fixed, Scheduled Considerations - Sec. 1107.053. CONTRACT WITH FIXED, SCHEDULED CONSIDERATIONS. (a) For an...

Section 1107.054. Contract With Single Consideration - Sec. 1107.054. CONTRACT WITH SINGLE CONSIDERATION. For an annuity contract...

Section 1107.055. Interest Rate - Sec. 1107.055. INTEREST RATE. The interest rate used in determining...

Section 1107.056. Additional Interest Rate Adjustments - Sec. 1107.056. ADDITIONAL INTEREST RATE ADJUSTMENTS. The commissioner may adopt...

Section 1107.057. Minimum Nonforfeiture Amount - Sec. 1107.057. MINIMUM NONFORFEITURE AMOUNT. (a) The minimum values as...

Subchapter C. Value of Nonforfeiture Benefits

Section 1107.101. Present Value of Nonforfeiture Benefits - Sec. 1107.101. PRESENT VALUE OF NONFORFEITURE BENEFITS. (a) The present...

Section 1107.102. Computation of Paid-Up Annuity Benefit Under Certain Contracts - Sec. 1107.102. COMPUTATION OF PAID-UP ANNUITY BENEFIT UNDER CERTAIN CONTRACTS....

Section 1107.103. Computation of Cash Surrender Benefit - Sec. 1107.103. COMPUTATION OF CASH SURRENDER BENEFIT. (a) Subject to...

Section 1107.104. Computation of Death Benefit - Sec. 1107.104. COMPUTATION OF DEATH BENEFIT. The value of a...

Section 1107.105. Computation of Benefits Available at the Time Other Than Contract Anniversary - Sec. 1107.105. COMPUTATION OF BENEFITS AVAILABLE AT THE TIME OTHER...

Section 1107.106. Minimum Nonforfeiture Values Under Contract That Provides Annuity and Life Insurance Benefits - Sec. 1107.106. MINIMUM NONFORFEITURE VALUES UNDER CONTRACT THAT PROVIDES ANNUITY...

Section 1107.107. Computations Not Affected by Additional Benefits - Sec. 1107.107. COMPUTATIONS NOT AFFECTED BY ADDITIONAL BENEFITS. (a) Notwithstanding...

Section 1107.108. Rules - Sec. 1107.108. RULES. The commissioner may adopt rules to implement...

Chapter 1108 - Benefits Exempt From Seizure

Subchapter A. General Provisions

Section 1108.001. Construction With Other Law - Sec. 1108.001. CONSTRUCTION WITH OTHER LAW. The exemptions under this...

Section 1108.002. Annuity Contracts - Sec. 1108.002. ANNUITY CONTRACTS. For purposes of regulation under this...

Subchapter B. Exemptions From Seizure

Section 1108.051. Exemptions for Certain Insurance and Annuity Benefits - Sec. 1108.051. EXEMPTIONS FOR CERTAIN INSURANCE AND ANNUITY BENEFITS. (a)...

Section 1108.052. Exemptions Unaffected by Beneficiary Designation - Sec. 1108.052. EXEMPTIONS UNAFFECTED BY BENEFICIARY DESIGNATION. The exemptions provided...

Section 1108.053. Exceptions to Exemptions - Sec. 1108.053. EXCEPTIONS TO EXEMPTIONS. The exemptions provided by Section...

Subchapter C. Assignment of Benefits

Section 1108.101. Assignment Generally - Sec. 1108.101. ASSIGNMENT GENERALLY. (a) This chapter does not prevent...

Section 1108.102. Certain Assignments Void - Sec. 1108.102. CERTAIN ASSIGNMENTS VOID. If an insurance policy, annuity...

Chapter 1109 - Unclaimed Life Insurance and Annuity Contract Proceeds

Subchapter A. General Provisions

Section 1109.001. Applicability of Chapter - Sec. 1109.001. APPLICABILITY OF CHAPTER. (a) This chapter applies to...

Section 1109.002. Administration and Enforcement; Rules - Sec. 1109.002. ADMINISTRATION AND ENFORCEMENT; RULES. (a) This chapter shall...

Section 1109.003. Appropriations to Administer Chapter - Sec. 1109.003. APPROPRIATIONS TO ADMINISTER CHAPTER. To enforce and administer...

Subchapter A. -1. Death Master File Search; Identification of Unclaimed Proceeds

Section 1109.010. Definitions - Sec. 1109.010. DEFINITIONS. In this subchapter: (1) "Annuity contract" means...

Section 1109.011. Identification of Death Master File Matches - Sec. 1109.011. IDENTIFICATION OF DEATH MASTER FILE MATCHES. (a) An...

Section 1109.012. Duties Regarding Death Master File Match - Sec. 1109.012. DUTIES REGARDING DEATH MASTER FILE MATCH. (a) For...

Section 1109.013. Presumption of Unclaimed Proceeds; Report and Delivery of Proceeds - Sec. 1109.013. PRESUMPTION OF UNCLAIMED PROCEEDS; REPORT AND DELIVERY OF...

Section 1109.014. Rulemaking Authority - Sec. 1109.014. RULEMAKING AUTHORITY. The commissioner may adopt rules to...

Section 1109.015. Authority to Issue Certain Orders - Sec. 1109.015. AUTHORITY TO ISSUE CERTAIN ORDERS. The commissioner may...

Section 1109.016. Authority to Request Death Certificate - Sec. 1109.016. AUTHORITY TO REQUEST DEATH CERTIFICATE. Nothing in this...

Chapter 1110 - Interest Rates on Certain Policy Loans

Section 1110.001. Definitions - Sec. 1110.001. DEFINITIONS. In this chapter: (1) "Life insurance policy"...

Section 1110.002. Applicability of Chapter - Sec. 1110.002. APPLICABILITY OF CHAPTER. This chapter applies only to...

Section 1110.003. Applicability of Other Law - Sec. 1110.003. APPLICABILITY OF OTHER LAW. A law not included...

Section 1110.004. Maximum Interest Rate on Policy Loans - Sec. 1110.004. MAXIMUM INTEREST RATE ON POLICY LOANS. (a) In...

Section 1110.005. Frequency of Adjustable Interest Rate Determination - Sec. 1110.005. FREQUENCY OF ADJUSTABLE INTEREST RATE DETERMINATION. A life...

Section 1110.006. Information to Be Included in Policy - Sec. 1110.006. INFORMATION TO BE INCLUDED IN POLICY. (a) A...

Section 1110.007. Notice to Policyholder - Sec. 1110.007. NOTICE TO POLICYHOLDER. (a) In this section, "policyholder"...

Section 1110.008. Loan Value of Policy; Termination of Policy Based on Change in Interest Rate - Sec. 1110.008. LOAN VALUE OF POLICY; TERMINATION OF POLICY BASED...

Chapter 1111 - Accelerated Term Life Insurance Benefits

Subchapter B. Accelerated Term Life Insurance Benefits

Section 1111.051. Definitions - Sec. 1111.051. DEFINITIONS. In this subchapter: (1) "Accelerated benefit" means...

Section 1111.052. Authority to Pay Accelerated Term Life Benefits - Sec. 1111.052. AUTHORITY TO PAY ACCELERATED TERM LIFE BENEFITS. An...

Section 1111.053. Rules - Sec. 1111.053. RULES. The commissioner may adopt rules to implement...

Chapter 1111A - Life Settlement Contracts

Section 1111A.001. Short Title - Sec. 1111A.001. SHORT TITLE. This Act may be cited as...

Section 1111A.002. Definitions - Sec. 1111A.002. DEFINITIONS. In this chapter: (1) "Advertisement" means a...

Section 1111A.003. Licensing Requirements; Exemption - Sec. 1111A.003. LICENSING REQUIREMENTS; EXEMPTION. (a) A person, wherever located,...

Section 1111A.004. License Suspension, Revocation, or Refusal to Renew - Sec. 1111A.004. LICENSE SUSPENSION, REVOCATION, OR REFUSAL TO RENEW. (a)...

Section 1111A.005. Requirements for Contract Forms, Disclosure Forms, and Advertisements - Sec. 1111A.005. REQUIREMENTS FOR CONTRACT FORMS, DISCLOSURE FORMS, AND ADVERTISEMENTS....

Section 1111A.006. Reporting Requirements and Privacy - Sec. 1111A.006. REPORTING REQUIREMENTS AND PRIVACY. (a) For a policy...

Section 1111A.007. Examination - Sec. 1111A.007. EXAMINATION. Subchapter B, Chapter 401, applies to a...

Section 1111A.008. Immunity From Liability - Sec. 1111A.008. IMMUNITY FROM LIABILITY. (a) No cause of action...

Section 1111A.009. Investigative Authority of the Commissioner - Sec. 1111A.009. INVESTIGATIVE AUTHORITY OF THE COMMISSIONER. The commissioner may...

Section 1111A.010. Cost of Examinations - Sec. 1111A.010. COST OF EXAMINATIONS. The reasonable and necessary cost...

Section 1111A.011. Advertising - Sec. 1111A.011. ADVERTISING. (a) A broker or provider licensed pursuant...

Section 1111A.012. Disclosures to Owners - Sec. 1111A.012. DISCLOSURES TO OWNERS. (a) The broker, or the...

Section 1111A.013. Disclosure to Insurer - Sec. 1111A.013. DISCLOSURE TO INSURER. (a) Without limiting the ability...

Section 1111A.014. General Rules - Sec. 1111A.014. GENERAL RULES. (a) Before entering into a life...

Section 1111A.015. Authority to Adopt Rules - Sec. 1111A.015. AUTHORITY TO ADOPT RULES. (a) The commissioner may...

Section 1111A.016. Conflict of Laws - Sec. 1111A.016. CONFLICT OF LAWS. (a) If there is more...

Section 1111A.017. Prohibited Practices - Sec. 1111A.017. PROHIBITED PRACTICES. (a) A person may not: (1)...

Section 1111A.018. Fraud Prevention and Control - Sec. 1111A.018. FRAUD PREVENTION AND CONTROL. (a) A person may...

Section 1111A.019. Mandatory Reporting of Fraudulent Life Settlement Acts - Sec. 1111A.019. MANDATORY REPORTING OF FRAUDULENT LIFE SETTLEMENT ACTS. A...

Section 1111A.020. Confidentiality - Sec. 1111A.020. CONFIDENTIALITY. (a) The documents and evidence obtained by...

Section 1111A.021. Other Law Enforcement or Regulatory Authority - Sec. 1111A.021. OTHER LAW ENFORCEMENT OR REGULATORY AUTHORITY. This chapter...

Section 1111A.022. Life Settlement Antifraud Initiatives - Sec. 1111A.022. LIFE SETTLEMENT ANTIFRAUD INITIATIVES. (a) A provider or...

Section 1111A.023. Injunction; Civil Remedies; Cease and Desist Orders - Sec. 1111A.023. INJUNCTION; CIVIL REMEDIES; CEASE AND DESIST ORDERS. (a)...

Section 1111A.024. Penalties - Sec. 1111A.024. PENALTIES. (a) It is a violation of this...

Section 1111A.025. Applicability of Other Insurance Laws - Sec. 1111A.025. APPLICABILITY OF OTHER INSURANCE LAWS. The following laws...

Section 1111A.026. Applicability of Certain Provisions to Life Expectancy Estimators - Sec. 1111A.026. APPLICABILITY OF CERTAIN PROVISIONS TO LIFE EXPECTANCY ESTIMATORS....

Chapter 1112 - Certain Guarantees in Life Insurance Policies

Section 1112.001. Certain Guarantees Not Prohibited - Sec. 1112.001. CERTAIN GUARANTEES NOT PROHIBITED. Section 841.253 does not...

Section 1112.002. Certain Guarantees Constitute Definite Contract Benefit; Valuation of Benefit - Sec. 1112.002. CERTAIN GUARANTEES CONSTITUTE DEFINITE CONTRACT BENEFIT; VALUATION OF...

Chapter 1113 - Management, Control, and Disposition of Certain Life Insurance and Annuity Contracts

Section 1113.001. Life Insurance and Annuity Contracts of Spouse - Sec. 1113.001. LIFE INSURANCE AND ANNUITY CONTRACTS OF SPOUSE. A...

Chapter 1114 - Replacement of Certain Life Insurance Policies and Annuities

Subchapter A. General Provisions

Section 1114.001. Purpose - Sec. 1114.001. PURPOSE. The purpose of this chapter is to:...

Section 1114.002. General Definitions - Sec. 1114.002. GENERAL DEFINITIONS. In this chapter: (1) "Agent" means...

Section 1114.003. Definition of Policy Summary - Sec. 1114.003. DEFINITION OF POLICY SUMMARY. (a) For purposes of...

Section 1114.004. Applicability; Exemptions - Sec. 1114.004. APPLICABILITY; EXEMPTIONS. (a) Except as otherwise specifically provided...

Section 1114.005. Financed Purchase - Sec. 1114.005. FINANCED PURCHASE. (a) If a withdrawal, surrender, or...

Section 1114.006. Consumer Notice Documents - Sec. 1114.006. CONSUMER NOTICE DOCUMENTS. (a) The commissioner by rule...

Section 1114.007. Rules - Sec. 1114.007. RULES. The commissioner may adopt reasonable rules in...

Subchapter B. Duties of Insurers and Agents

Section 1114.051. Duties of Agent; Notice - Sec. 1114.051. DUTIES OF AGENT; NOTICE. (a) An agent who...

Section 1114.052. Duties of Insurers That Use Agents - Sec. 1114.052. DUTIES OF INSURERS THAT USE AGENTS. (a) An...

Section 1114.053. Duties of Replacing Insurers That Use Agents - Sec. 1114.053. DUTIES OF REPLACING INSURERS THAT USE AGENTS. (a)...

Section 1114.054. Duties of Existing Insurer - Sec. 1114.054. DUTIES OF EXISTING INSURER. (a) If a transaction...

Section 1114.055. Duties of Insurers Regarding Direct Response Solicitations - Sec. 1114.055. DUTIES OF INSURERS REGARDING DIRECT RESPONSE SOLICITATIONS. (a)...

Section 1114.056. Registered Contracts - Sec. 1114.056. REGISTERED CONTRACTS. A registered contract is exempt from...

Section 1114.057. Disclosure of Availability of Waiver of Surrender Charges - Sec. 1114.057. DISCLOSURE OF AVAILABILITY OF WAIVER OF SURRENDER CHARGES....

Subchapter C. Enforcement

Section 1114.101. Unfair Method of Competition; Sanctions and Penalties - Sec. 1114.101. UNFAIR METHOD OF COMPETITION; SANCTIONS AND PENALTIES. (a)...

Section 1114.102. Additional Sanctions - Sec. 1114.102. ADDITIONAL SANCTIONS. (a) In addition to sanctions and...

Chapter 1115 - Suitability of Certain Annuity Transactions

Subchapter A. General Provisions

Section 1115.001. Purpose - Sec. 1115.001. PURPOSE. The purpose of this chapter is to...

Section 1115.002. Definitions - Sec. 1115.002. DEFINITIONS. In this chapter: (1) "Agent" means an...

Section 1115.003. Applicability; Exemptions - Sec. 1115.003. APPLICABILITY; EXEMPTIONS. (a) This chapter applies to any...

Section 1115.004. No Cause of Action Created - Sec. 1115.004. NO CAUSE OF ACTION CREATED. This chapter may...

Section 1115.005. Rules - Sec. 1115.005. RULES. The commissioner may adopt reasonable rules in...

Subchapter B. Duties of Insurers and Agents

Section 1115.0505. Agents Exercising Material Control - Sec. 1115.0505. AGENTS EXERCISING MATERIAL CONTROL. (a) This subchapter applies...

Section 1115.0506. Transactions Not Based on Recommendation; Certain Exemptions From Subchapter - Sec. 1115.0506. TRANSACTIONS NOT BASED ON RECOMMENDATION; CERTAIN EXEMPTIONS FROM...

Section 1115.0507. Insurer Obligations - Sec. 1115.0507. INSURER OBLIGATIONS. (a) Notwithstanding Section 1115.0506, an insurer's...

Section 1115.0508. Additional Licensure Not Required - Sec. 1115.0508. ADDITIONAL LICENSURE NOT REQUIRED. Nothing in this subchapter...

Section 1115.051. Best-Interest Obligation - Sec. 1115.051. BEST-INTEREST OBLIGATION. (a) When making a recommendation of...

Section 1115.0513. Care Obligation - Sec. 1115.0513. CARE OBLIGATION. (a) In making a recommendation, an...

Section 1115.0514. Disclosure Obligation - Sec. 1115.0514. DISCLOSURE OBLIGATION. (a) Before the recommendation or sale...

Section 1115.0515. Conflict of Interest Obligation - Sec. 1115.0515. CONFLICT OF INTEREST OBLIGATION. (a) An agent shall...

Section 1115.0516. Documentation Obligation - Sec. 1115.0516. DOCUMENTATION OBLIGATION. At the time of the recommendation...

Section 1115.052. Supervision System - Sec. 1115.052. SUPERVISION SYSTEM. (a) Except as provided in Section...

Section 1115.0521. Prohibited Practices - Sec. 1115.0521. PROHIBITED PRACTICES. An agent or insurer may not...

Section 1115.053. Certification Requirements - Sec. 1115.053. CERTIFICATION REQUIREMENTS. A person may not provide a...

Section 1115.054. Safe Harbor - Sec. 1115.054. SAFE HARBOR. (a) Recommendations and sales of annuities...

Section 1115.055. Recordkeeping Requirements - Sec. 1115.055. RECORDKEEPING REQUIREMENTS. (a) Each agent, general agent, independent...

Section 1115.056. Agent Training Requirements - Sec. 1115.056. AGENT TRAINING REQUIREMENTS. (a) An agent may not...

Subchapter C. Mitigation; Enforcement

Section 1115.101. Mitigation - Sec. 1115.101. MITIGATION. An insurer is responsible for compliance with...

Section 1115.102. Sanctions - Sec. 1115.102. SANCTIONS. (a) The commissioner may impose sanctions as...

Chapter 1116 - Required Provisions for Annuity Contract

Section 1116.001. Definition - Sec. 1116.001. DEFINITION. In this chapter, "annuity" means a fixed,...

Section 1116.002. Rescission Period Required - Sec. 1116.002. RESCISSION PERIOD REQUIRED. (a) A fixed annuity contract...

Section 1116.003. Rulemaking Authority for Contingent Deferred Annuity Contracts - Sec. 1116.003. RULEMAKING AUTHORITY FOR CONTINGENT DEFERRED ANNUITY CONTRACTS. (a)...

Chapter 1117 - Use of Senior-Specific Certifications or Professional Designations

Subchapter A. General Provisions

Section 1117.001. Purpose - Sec. 1117.001. PURPOSE. The purpose of this chapter is to...

Section 1117.002. Definitions - Sec. 1117.002. DEFINITIONS. In this chapter: (1) "Insurance agent" means...

Section 1117.003. Applicability of Chapter; Construction With Other Law - Sec. 1117.003. APPLICABILITY OF CHAPTER; CONSTRUCTION WITH OTHER LAW. (a)...

Subchapter B. Use of Senior-Specific Certifications And

Section 1117.051. Certain Uses of Senior-Specific Certifications and Designations Prohibited - Sec. 1117.051. CERTAIN USES OF SENIOR-SPECIFIC CERTIFICATIONS AND DESIGNATIONS PROHIBITED....

Section 1117.052. Applicability to Certain Financial Services - Sec. 1117.052. APPLICABILITY TO CERTAIN FINANCIAL SERVICES. (a) Notwithstanding Section...

Subtitle B - Group Life Insurance

Chapter 1131 - Group Life Insurance and Wholesale, Franchise, or Employee Life Insurance

Subchapter A. General Provisions

Section 1131.001. Definition - Sec. 1131.001. DEFINITION. In this chapter, "wholesale, franchise, or employee...

Section 1131.002. Certain Group Life Insurance Authorized - Sec. 1131.002. CERTAIN GROUP LIFE INSURANCE AUTHORIZED. A group life...

Section 1131.003. Certain Wholesale, Franchise, or Employee Life Insurance Authorized - Sec. 1131.003. CERTAIN WHOLESALE, FRANCHISE, OR EMPLOYEE LIFE INSURANCE AUTHORIZED....

Section 1131.004. Forfeiture of Certificate of Authority for Unauthorized Group Life Insurance Contract - Sec. 1131.004. FORFEITURE OF CERTIFICATE OF AUTHORITY FOR UNAUTHORIZED GROUP...

Section 1131.005. Guaranteeing Issuance of Life Insurance Policy Without Evidence of Insurability - Sec. 1131.005. GUARANTEEING ISSUANCE OF LIFE INSURANCE POLICY WITHOUT EVIDENCE...

Section 1131.006. Assignment of Benefits - Sec. 1131.006. ASSIGNMENT OF BENEFITS. (a) Subject to the terms...

Section 1131.007. Policy Form - Sec. 1131.007. POLICY FORM. A policy of group life insurance...

Subchapter B. Group and Wholesale, Franchise, or Employee Life Insurance: Eligible Policyholders

Section 1131.051. Employers - Sec. 1131.051. EMPLOYERS. (a) A group life insurance policy may...

Section 1131.052. Labor Unions - Sec. 1131.052. LABOR UNIONS. (a) A group life insurance policy...

Section 1131.053. Funds Established by Employers or Labor Unions - Sec. 1131.053. FUNDS ESTABLISHED BY EMPLOYERS OR LABOR UNIONS. (a)...

Section 1131.054. Governmental Entities or Associations of Public Employees - Sec. 1131.054. GOVERNMENTAL ENTITIES OR ASSOCIATIONS OF PUBLIC EMPLOYEES. (a)...

Section 1131.055. Spouses and Children of Employees of United States Government - Sec. 1131.055. SPOUSES AND CHILDREN OF EMPLOYEES OF UNITED STATES...

Section 1131.056. Principals - Sec. 1131.056. PRINCIPALS. (a) In this section, "agent" includes a...

Section 1131.057. Creditors - Sec. 1131.057. CREDITORS. (a) A group life insurance policy may...

Section 1131.058. Veterans' Land Board - Sec. 1131.058. VETERANS' LAND BOARD. (a) A group life insurance...

Section 1131.059. Associations or Trusts for Payment of Funeral Expenses - Sec. 1131.059. ASSOCIATIONS OR TRUSTS FOR PAYMENT OF FUNERAL EXPENSES....

Section 1131.060. Nonprofit Organizations or Associations - Sec. 1131.060. NONPROFIT ORGANIZATIONS OR ASSOCIATIONS. (a) A group life...

Section 1131.064. Other Groups - Sec. 1131.064. OTHER GROUPS. (a) A group life insurance policy...

Section 1131.065. Wholesale, Franchise, or Employee Life Insurance - Sec. 1131.065. WHOLESALE, FRANCHISE, OR EMPLOYEE LIFE INSURANCE. (a) Policies...

Subchapter C. Group Life Insurance: Required Provisions

Section 1131.101. Required Provisions - Sec. 1131.101. REQUIRED PROVISIONS. (a) A group life insurance policy...

Section 1131.102. Nonforfeiture - Sec. 1131.102. NONFORFEITURE. (a) A group life insurance policy other...

Section 1131.103. Grace Period - Sec. 1131.103. GRACE PERIOD. (a) A group life insurance policy...

Section 1131.104. Incontestability of Policy - Sec. 1131.104. INCONTESTABILITY OF POLICY. A group life insurance policy...

Section 1131.105. Application for Policy; Statements of Insured - Sec. 1131.105. APPLICATION FOR POLICY; STATEMENTS OF INSURED. A group...

Section 1131.106. Evidence of Insurability - Sec. 1131.106. EVIDENCE OF INSURABILITY. A group life insurance policy...

Section 1131.107. Adjustment of Premiums or Benefits if Age of Insured Is Misstated - Sec. 1131.107. ADJUSTMENT OF PREMIUMS OR BENEFITS IF AGE OF...

Section 1131.108. Insurance Certificate - Sec. 1131.108. INSURANCE CERTIFICATE. (a) A group life insurance policy...

Section 1131.109. Person to Whom Benefits Are Payable - Sec. 1131.109. PERSON TO WHOM BENEFITS ARE PAYABLE. (a) A...

Section 1131.110. Right to Individual Policy on Termination of Employment or Membership - Sec. 1131.110. RIGHT TO INDIVIDUAL POLICY ON TERMINATION OF EMPLOYMENT...

Section 1131.112. Payment of Benefits on Death of Insured Before Individual Policy Becomes Effective - Sec. 1131.112. PAYMENT OF BENEFITS ON DEATH OF INSURED BEFORE...

Subchapter D. Group Life Insurance: Optional Provisions

Section 1131.151. Continuation of Benefits for Family Members After Death of Insured - Sec. 1131.151. CONTINUATION OF BENEFITS FOR FAMILY MEMBERS AFTER DEATH...

Subchapter E. Group Life Insurance Policies Issued to Employers: Additional Requirements

Section 1131.201. Applicability of Subchapter - Sec. 1131.201. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1131.202. Eligible Employees - Sec. 1131.202. ELIGIBLE EMPLOYEES. All employees of the employer, or...

Section 1131.203. Payment of Premiums - Sec. 1131.203. PAYMENT OF PREMIUMS. The policyholder must pay the...

Section 1131.204. Minimum Enrollment - Sec. 1131.204. MINIMUM ENROLLMENT. (a) The policy must cover at...

Section 1131.205. Amounts of Insurance - Sec. 1131.205. AMOUNTS OF INSURANCE. (a) The amounts of insurance...

Subchapter F. Group Life Insurance Policies Issued to Funds Established by Employers or Labor Unions: Additional Requirements

Section 1131.251. Applicability of Subchapter - Sec. 1131.251. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1131.252. Eligible Employees or Members - Sec. 1131.252. ELIGIBLE EMPLOYEES OR MEMBERS. (a) The individuals eligible...

Section 1131.253. Payment of Premiums - Sec. 1131.253. PAYMENT OF PREMIUMS. (a) Subject to Subsection (b),...

Section 1131.254. Minimum Enrollment - Sec. 1131.254. MINIMUM ENROLLMENT. (a) The policy must cover at...

Section 1131.255. Amounts of Insurance - Sec. 1131.255. AMOUNTS OF INSURANCE. (a) The amounts of insurance...

Subchapter G. Group Life Insurance Policies Issued to Governmental Entities or Associations of Public Employees: Additional Requirements

Section 1131.301. Applicability of Subchapter - Sec. 1131.301. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1131.302. Eligible Employees or Members - Sec. 1131.302. ELIGIBLE EMPLOYEES OR MEMBERS. All employees of the...

Section 1131.303. Payment of Premiums - Sec. 1131.303. PAYMENT OF PREMIUMS. (a) The premium for the...

Section 1131.304. Minimum Enrollment - Sec. 1131.304. MINIMUM ENROLLMENT. (a) The policy must cover at...

Subchapter H. Group Term Life Insurance Policies Extended to Spouses and Children of Employees of United States: Additional Requirements

Section 1131.351. Applicability of Subchapter - Sec. 1131.351. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1131.352. Payment of Premiums - Sec. 1131.352. PAYMENT OF PREMIUMS. The policyholder must pay the...

Section 1131.353. Amounts of Insurance - Sec. 1131.353. AMOUNTS OF INSURANCE. (a) The amounts of insurance...

Section 1131.354. Conversion Rights - Sec. 1131.354. CONVERSION RIGHTS. On termination of group term life...

Section 1131.355. Certificate of Insurance - Sec. 1131.355. CERTIFICATE OF INSURANCE. Only one certificate of insurance...

Subchapter I. Group Life Insurance Policies Issued to Principals: Additional Requirements

Section 1131.401. Applicability of Subchapter - Sec. 1131.401. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1131.402. Eligible Agents - Sec. 1131.402. ELIGIBLE AGENTS. Agents who are under contract to...

Section 1131.403. Payment of Premiums - Sec. 1131.403. PAYMENT OF PREMIUMS. The premium for the policy...

Section 1131.404. Minimum Enrollment - Sec. 1131.404. MINIMUM ENROLLMENT. (a) The policy must cover at...

Section 1131.405. Amounts of Insurance - Sec. 1131.405. AMOUNTS OF INSURANCE. (a) The amounts of insurance...

Subchapter J. Group Life Insurance Policies Issued to Creditors: Additional Requirements

Section 1131.451. Applicability of Subchapter - Sec. 1131.451. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1131.452. Eligible Debtors - Sec. 1131.452. ELIGIBLE DEBTORS. All individuals who become borrowers, or...

Section 1131.453. Payment of Premiums - Sec. 1131.453. PAYMENT OF PREMIUMS. The policyholder must pay the...

Section 1131.454. Minimum Enrollment - Sec. 1131.454. MINIMUM ENROLLMENT. The policy must cover at least...

Section 1131.455. Amount of Insurance - Sec. 1131.455. AMOUNT OF INSURANCE. (a) Except as otherwise provided...

Section 1131.456. Payment of Proceeds - Sec. 1131.456. PAYMENT OF PROCEEDS. (a) The proceeds of the...

Section 1131.457. Annuities and Endowment Insurance Prohibited - Sec. 1131.457. ANNUITIES AND ENDOWMENT INSURANCE PROHIBITED. The insurance issued...

Subchapter K. Group Life Insurance Policies Issued to Nonprofit Organizations or Associations: Additional Requirements

Section 1131.501. Applicability of Subchapter - Sec. 1131.501. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1131.502. Eligible Members - Sec. 1131.502. ELIGIBLE MEMBERS. All members of the organization or...

Section 1131.503. Payment of Premiums - Sec. 1131.503. PAYMENT OF PREMIUMS. (a) The policyholder must pay...

Section 1131.504. Minimum Enrollment - Sec. 1131.504. MINIMUM ENROLLMENT. The policy must cover at least...

Section 1131.505. Amounts of Insurance - Sec. 1131.505. AMOUNTS OF INSURANCE. The amounts of insurance under...

Subchapter O. Group Life Insurance Policies Issued to Other Groups: Additional Requirements

Section 1131.701. Applicability of Subchapter - Sec. 1131.701. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1131.702. Payment of Premiums - Sec. 1131.702. PAYMENT OF PREMIUMS. The premium for the policy...

Section 1131.703. Insurance for Liabilities Related to Fringe Benefits - Sec. 1131.703. INSURANCE FOR LIABILITIES RELATED TO FRINGE BENEFITS. (a)...

Subchapter P. Wholesale, Franchise, or Employee Life Insurance Policies: Additional Requirements

Section 1131.751. Applicability of Subchapter - Sec. 1131.751. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1131.752. Payment of Premiums - Sec. 1131.752. PAYMENT OF PREMIUMS. (a) The premium for the...

Section 1131.753. Minimum Enrollment - Sec. 1131.753. MINIMUM ENROLLMENT. A policy of wholesale, franchise, or...

Section 1131.755. Individual Application Required - Sec. 1131.755. INDIVIDUAL APPLICATION REQUIRED. (a) An insurer must take...

Section 1131.756. Right to Individual Policy on Termination of Employment or Membership - Sec. 1131.756. RIGHT TO INDIVIDUAL POLICY ON TERMINATION OF EMPLOYMENT...

Section 1131.757. Optional Policy Provisions - Sec. 1131.757. OPTIONAL POLICY PROVISIONS. A policy of wholesale, franchise,...

Section 1131.758. Certain Policies and Plans Unaffected - Sec. 1131.758. CERTAIN POLICIES AND PLANS UNAFFECTED. This subchapter does...

Subchapter Q. Extension of Group Life Insurance to Spouses and Children

Section 1131.801. Applicability of Subchapter - Sec. 1131.801. APPLICABILITY OF SUBCHAPTER. This subchapter applies to any...

Section 1131.802. Extension of Group Life Insurance to Spouses and Children; Eligible Children - Sec. 1131.802. EXTENSION OF GROUP LIFE INSURANCE TO SPOUSES AND...

Section 1131.803. Payment of Premiums - Sec. 1131.803. PAYMENT OF PREMIUMS. The premium for group life...

Section 1131.804. Amounts of Insurance - Sec. 1131.804. AMOUNTS OF INSURANCE. (a) The amounts of insurance...

Section 1131.805. Conversion Rights - Sec. 1131.805. CONVERSION RIGHTS. On termination of group life insurance...

Section 1131.806. Certificate of Insurance - Sec. 1131.806. CERTIFICATE OF INSURANCE. Only one certificate of insurance...

Subchapter R. Continuation of Certain Group Life Insurance During Labor Dispute

Section 1131.851. Applicability of Subchapter - Sec. 1131.851. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1131.852. Continuation of Group Life Insurance During Labor Dispute Required for Certain Policies - Sec. 1131.852. CONTINUATION OF GROUP LIFE INSURANCE DURING LABOR DISPUTE...

Section 1131.853. Contributions if Policyholder Is Trustee - Sec. 1131.853. CONTRIBUTIONS IF POLICYHOLDER IS TRUSTEE. (a) An employee's...

Section 1131.854. Contributions if Policyholder Is Not Trustee - Sec. 1131.854. CONTRIBUTIONS IF POLICYHOLDER IS NOT TRUSTEE. (a) A...

Section 1131.855. Payment of Contribution and Premium - Sec. 1131.855. PAYMENT OF CONTRIBUTION AND PREMIUM. A policy may...

Section 1131.856. Past Due Premium - Sec. 1131.856. PAST DUE PREMIUM. (a) A policy may provide...

Section 1131.857. Individual Premium Rate Increase - Sec. 1131.857. INDIVIDUAL PREMIUM RATE INCREASE. (a) A policy may...

Section 1131.858. Premium Rate Change Not Limited - Sec. 1131.858. PREMIUM RATE CHANGE NOT LIMITED. (a) This subchapter...

Section 1131.859. Limitations on Continuation of Coverage - Sec. 1131.859. LIMITATIONS ON CONTINUATION OF COVERAGE. This subchapter does...

Section 1131.860. Other Provisions; Commissioner Approval Required - Sec. 1131.860. OTHER PROVISIONS; COMMISSIONER APPROVAL REQUIRED. A policy may...

Chapter 1132 - Notice of Rate Increase for Group Life Insurance

Section 1132.001. Notice of Rate Increase - Sec. 1132.001. NOTICE OF RATE INCREASE. (a) In this section,...

Subtitle C - Specialized Coverages

Chapter 1151 - Industrial Life Insurance

Subchapter A. General Provisions

Section 1151.001. Definition - Sec. 1151.001. DEFINITION. In this chapter, "industrial life insurance" means...

Section 1151.002. General Applicability of Chapter - Sec. 1151.002. GENERAL APPLICABILITY OF CHAPTER. (a) Except as provided...

Section 1151.003. Applicability of Chapter to Policy Providing Accident and Health Benefits - Sec. 1151.003. APPLICABILITY OF CHAPTER TO POLICY PROVIDING ACCIDENT AND...

Section 1151.004. Certain Associations Excepted - Sec. 1151.004. CERTAIN ASSOCIATIONS EXCEPTED. This chapter does not apply...

Section 1151.005. Certain Nonprofit Organizations Excepted - Sec. 1151.005. CERTAIN NONPROFIT ORGANIZATIONS EXCEPTED. This chapter does not...

Subchapter B. Required Policy Provisions

Section 1151.051. Policy Title - Sec. 1151.051. POLICY TITLE. An industrial life insurance policy must...

Section 1151.052. Entire Contract - Sec. 1151.052. ENTIRE CONTRACT. (a) An industrial life insurance policy...

Section 1151.053. Agent Unauthorized to Waive or Change Terms - Sec. 1151.053. AGENT UNAUTHORIZED TO WAIVE OR CHANGE TERMS. An...

Section 1151.054. Statement Made by or on Behalf of Insured - Sec. 1151.054. STATEMENT MADE BY OR ON BEHALF OF INSURED....

Section 1151.055. Incontestability of Policy - Sec. 1151.055. INCONTESTABILITY OF POLICY. An industrial life insurance policy...

Section 1151.056. Adjustment of Amount Payable if Age of Insured Is Misstated - Sec. 1151.056. ADJUSTMENT OF AMOUNT PAYABLE IF AGE OF INSURED...

Section 1151.057. Grace Period - Sec. 1151.057. GRACE PERIOD. (a) An industrial life insurance policy...

Section 1151.058. Nonforfeiture Benefits and Cash Surrender Values in General - Sec. 1151.058. NONFORFEITURE BENEFITS AND CASH SURRENDER VALUES IN GENERAL....

Section 1151.059. Surplus - Sec. 1151.059. SURPLUS. An industrial life insurance policy that is...

Section 1151.060. Claim Based on Death of Insured - Sec. 1151.060. CLAIM BASED ON DEATH OF INSURED. An industrial...

Section 1151.061. Reinstatement of Policy - Sec. 1151.061. REINSTATEMENT OF POLICY. (a) An industrial life insurance...

Section 1151.062. Exception for Policies Issued or Granted Under Certain Nonforfeiture Provisions - Sec. 1151.062. EXCEPTION FOR POLICIES ISSUED OR GRANTED UNDER CERTAIN...

Subchapter C. Authorized or Prohibited Policy Provisions

Section 1151.101. Authorized Provisions - Sec. 1151.101. AUTHORIZED PROVISIONS. In addition to the provisions required...

Section 1151.102. Prohibited Provisions - Sec. 1151.102. PROHIBITED PROVISIONS. (a) An industrial life insurance policy...

Subchapter D. Rights of Insured Under Certain Older Policies

Section 1151.151. Extended Term or Paid-Up Insurance for Certain Policies - Sec. 1151.151. EXTENDED TERM OR PAID-UP INSURANCE FOR CERTAIN POLICIES....

Section 1151.152. Provisions Concerning Stipulated Form of Insurance or Specified Cash Surrender Value in Certain Policies - Sec. 1151.152. PROVISIONS CONCERNING STIPULATED FORM OF INSURANCE OR SPECIFIED...

Section 1151.153. Computation of Net Value of Stipulated Form of Insurance or Specified Cash Surrender Value - Sec. 1151.153. COMPUTATION OF NET VALUE OF STIPULATED FORM OF...

Section 1151.154. Surrender of Policy for Specified Cash Surrender Value - Sec. 1151.154. SURRENDER OF POLICY FOR SPECIFIED CASH SURRENDER VALUE....

Chapter 1152 - Separate Accounts, Variable Contracts, and Related Products

Subchapter A. General Provisions

Section 1152.001. Applicability of Code - Sec. 1152.001. APPLICABILITY OF CODE. (a) Except as provided by...

Section 1152.002. Rules - Sec. 1152.002. RULES. The commissioner may adopt rules that are...

Subchapter B. Separate Accounts

Section 1152.051. Establishment of Separate Accounts - Sec. 1152.051. ESTABLISHMENT OF SEPARATE ACCOUNTS. A domestic life insurance...

Section 1152.052. Ownership of Amounts in Separate Account - Sec. 1152.052. OWNERSHIP OF AMOUNTS IN SEPARATE ACCOUNT. (a) An...

Section 1152.053. Transfer of Assets Between Separate Accounts - Sec. 1152.053. TRANSFER OF ASSETS BETWEEN SEPARATE ACCOUNTS. (a) Except...

Section 1152.054. Compliance With Federal or State Law for Separate Account - Sec. 1152.054. COMPLIANCE WITH FEDERAL OR STATE LAW FOR SEPARATE...

Section 1152.055. Guaranteed Benefits and Money Restriction for Separate Accounts - Sec. 1152.055. GUARANTEED BENEFITS AND MONEY RESTRICTION FOR SEPARATE ACCOUNTS....

Section 1152.056. Investment Limits Not Applicable to Separate Account - Sec. 1152.056. INVESTMENT LIMITS NOT APPLICABLE TO SEPARATE ACCOUNT. Except...

Section 1152.057. Allocation of Income, Gains, or Losses on Separate Account - Sec. 1152.057. ALLOCATION OF INCOME, GAINS, OR LOSSES ON SEPARATE...

Section 1152.058. Asset Valuation in Separate Account - Sec. 1152.058. ASSET VALUATION IN SEPARATE ACCOUNT. An asset allocated...

Section 1152.059. Separate Account Not Chargeable With Other Liabilities - Sec. 1152.059. SEPARATE ACCOUNT NOT CHARGEABLE WITH OTHER LIABILITIES. To...

Subchapter C. Variable Contracts

Section 1152.101. Sole Authority to Regulate Variable Contracts - Sec. 1152.101. SOLE AUTHORITY TO REGULATE VARIABLE CONTRACTS. The commissioner...

Section 1152.102. Authorization Required for Variable Contracts - Sec. 1152.102. AUTHORIZATION REQUIRED FOR VARIABLE CONTRACTS. (a) An insurance...

Section 1152.103. Consideration of Company's Condition or Method of Operation - Sec. 1152.103. CONSIDERATION OF COMPANY'S CONDITION OR METHOD OF OPERATION....

Section 1152.104. Authorization for Subsidiary or Affiliate of Authorized Life Insurance Company - Sec. 1152.104. AUTHORIZATION FOR SUBSIDIARY OR AFFILIATE OF AUTHORIZED LIFE...

Section 1152.105. Waiver of Hearing Requirement - Sec. 1152.105. WAIVER OF HEARING REQUIREMENT. (a) If a company,...

Section 1152.106. Reserve Liability for Variable Contract - Sec. 1152.106. RESERVE LIABILITY FOR VARIABLE CONTRACT. The reserve liability...

Section 1152.107. Separate Annual Statement Required - Sec. 1152.107. SEPARATE ANNUAL STATEMENT REQUIRED. (a) An insurance company...

Section 1152.108. Grace, Reinstatement, and Nonforfeiture Provisions Required - Sec. 1152.108. GRACE, REINSTATEMENT, AND NONFORFEITURE PROVISIONS REQUIRED. (a) An...

Section 1152.109. Variable Benefits Provisions - Sec. 1152.109. VARIABLE BENEFITS PROVISIONS. (a) A contract providing benefits...

Section 1152.110. Private Placement Contracts - Sec. 1152.110. PRIVATE PLACEMENT CONTRACTS. (a) In this section, "private...

Subchapter D. Variable Contract Agents

Section 1152.151. Agent's License Required - Sec. 1152.151. AGENT'S LICENSE REQUIRED. (a) A person may not...

Subchapter E. Modified Guaranteed Contracts

Section 1152.201. Definition - Sec. 1152.201. DEFINITION. In this subchapter, "modified guaranteed contract" means...

Section 1152.202. Applicability of Laws Governing Life Insurance Companies - Sec. 1152.202. APPLICABILITY OF LAWS GOVERNING LIFE INSURANCE COMPANIES. Unless...

Section 1152.203. Rules - Sec. 1152.203. RULES. In addition to any rules adopted under...

Section 1152.204. Nonforfeiture Values - Sec. 1152.204. NONFORFEITURE VALUES. (a) A modified guaranteed contract must...

Section 1152.205. Separate Account Statement - Sec. 1152.205. SEPARATE ACCOUNT STATEMENT. An insurance company that files...

Chapter 1153 - Credit Life Insurance and Credit Accident and Health Insurance

Subchapter A. General Provisions

Section 1153.001. Short Title - Sec. 1153.001. SHORT TITLE. This chapter may be cited as...

Section 1153.002. Purpose; Legislative Intent; Construction - Sec. 1153.002. PURPOSE; LEGISLATIVE INTENT; CONSTRUCTION. (a) The purpose of...

Section 1153.003. Definitions - Sec. 1153.003. DEFINITIONS. In this chapter: (1) "Credit accident and...

Section 1153.004. Applicability of Chapter - Sec. 1153.004. APPLICABILITY OF CHAPTER. (a) This chapter applies to...

Section 1153.005. Rules - Sec. 1153.005. RULES. After notice and a hearing, the commissioner...

Section 1153.006. Filing Fee - Sec. 1153.006. FILING FEE. (a) The department shall set and...

Section 1153.007. Gain or Advantage From Insurance Not Prohibited Charge - Sec. 1153.007. GAIN OR ADVANTAGE FROM INSURANCE NOT PROHIBITED CHARGE....

Subchapter B. Forms

Section 1153.051. Filing of Form - Sec. 1153.051. FILING OF FORM. (a) An insurer shall file...

Section 1153.052. Requirements Relating to Insurance Policy or Certificate - Sec. 1153.052. REQUIREMENTS RELATING TO INSURANCE POLICY OR CERTIFICATE. (a)...

Section 1153.053. Disapproval of Form - Sec. 1153.053. DISAPPROVAL OF FORM. (a) Not later than the...

Section 1153.054. Withdrawal of Approval of Form - Sec. 1153.054. WITHDRAWAL OF APPROVAL OF FORM. The commissioner may...

Section 1153.055. Prohibitions Relating to Issuance or Use of Form - Sec. 1153.055. PROHIBITIONS RELATING TO ISSUANCE OR USE OF FORM....

Subchapter C. Rates

Section 1153.101. Filing of Schedule of Rates - Sec. 1153.101. FILING OF SCHEDULE OF RATES. An insurer shall...

Section 1153.102. Revision of Schedule of Rates - Sec. 1153.102. REVISION OF SCHEDULE OF RATES. (a) An insurer...

Section 1153.103. Presumptive Premium Rate - Sec. 1153.103. PRESUMPTIVE PREMIUM RATE. (a) After notice and a...

Section 1153.104. Appeal of Presumptive Rate - Sec. 1153.104. APPEAL OF PRESUMPTIVE RATE. Any person who is...

Section 1153.105. Rate Within Certain Percentages of Presumptive Rate - Sec. 1153.105. RATE WITHIN CERTAIN PERCENTAGES OF PRESUMPTIVE RATE. (a)...

Section 1153.106. Rate Outside Certain Percentages of Presumptive Rate - Sec. 1153.106. RATE OUTSIDE CERTAIN PERCENTAGES OF PRESUMPTIVE RATE. (a)...

Section 1153.107. Rate Standard - Sec. 1153.107. RATE STANDARD. (a) A rate filed under this...

Subchapter D. Credit Insurance Requirements

Section 1153.151. Forms of Credit Life Insurance - Sec. 1153.151. FORMS OF CREDIT LIFE INSURANCE. Credit life insurance...

Section 1153.152. Forms of Credit Accident and Health Insurance - Sec. 1153.152. FORMS OF CREDIT ACCIDENT AND HEALTH INSURANCE. Credit...

Section 1153.153. Evidence of Insurance - Sec. 1153.153. EVIDENCE OF INSURANCE. Credit life insurance or credit...

Section 1153.154. Requirements for Delivery or Issuance of Credit Insurance Policy - Sec. 1153.154. REQUIREMENTS FOR DELIVERY OR ISSUANCE OF CREDIT INSURANCE...

Section 1153.155. Limits on Amount of Credit Life Insurance - Sec. 1153.155. LIMITS ON AMOUNT OF CREDIT LIFE INSURANCE. (a)...

Section 1153.156. Limits on Amount of Credit Accident and Health Insurance - Sec. 1153.156. LIMITS ON AMOUNT OF CREDIT ACCIDENT AND HEALTH...

Section 1153.157. Beginning of Term of Credit Insurance Coverage - Sec. 1153.157. BEGINNING OF TERM OF CREDIT INSURANCE COVERAGE. (a)...

Section 1153.158. Delivery of Evidence of Insurance to Debtor - Sec. 1153.158. DELIVERY OF EVIDENCE OF INSURANCE TO DEBTOR. (a)...

Section 1153.159. Requirements Relating to Application for Insurance or Notice of Proposed Insurance - Sec. 1153.159. REQUIREMENTS RELATING TO APPLICATION FOR INSURANCE OR NOTICE...

Section 1153.160. Termination of Credit Insurance - Sec. 1153.160. TERMINATION OF CREDIT INSURANCE. (a) The term of...

Section 1153.161. Insurance May Be Provided by Debtor - Sec. 1153.161. INSURANCE MAY BE PROVIDED BY DEBTOR. If credit...

Subchapter E. Charges, Refunds, Adjustments, and Claims

Section 1153.201. Maximum Amount of Insurance Charge to Debtor - Sec. 1153.201. MAXIMUM AMOUNT OF INSURANCE CHARGE TO DEBTOR. A...

Section 1153.202. Refund of Insurance Charge on Termination of Debt or Insurance; Filing of Formula - Sec. 1153.202. REFUND OF INSURANCE CHARGE ON TERMINATION OF DEBT...

Section 1153.203. Certain Refunds or Adjustments Required - Sec. 1153.203. CERTAIN REFUNDS OR ADJUSTMENTS REQUIRED. (a) If the...

Section 1153.204. Claim Under Policy - Sec. 1153.204. CLAIM UNDER POLICY. (a) A claim for recovery...

Subchapter O. Enforcement of Chapter; Penalty

Section 1153.701. Compliance Order - Sec. 1153.701. COMPLIANCE ORDER. (a) If, after written notice to...

Section 1153.702. Penalty - Sec. 1153.702. PENALTY. (a) An individual, firm, or corporation who...

Section 1153.703. Revocation or Suspension of Authority on Violation of Order - Sec. 1153.703. REVOCATION OR SUSPENSION OF AUTHORITY ON VIOLATION OF...

Chapter 1154 - Funding Agreements, Guaranteed Investment Contracts, and Synthetic Guaranteed Investment Contracts

Subchapter A. General Provisions

Section 1154.001. Short Title - Sec. 1154.001. SHORT TITLE. This chapter may be cited as...

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Texas Statutes Insurance Code Title 7 - Life Insurance and Annuities

Texas Statutes
Insurance Code
Title 7 - Life Insurance and Annuities