Sec. 1101.013. STATEMENT OF MAXIMUM AMOUNT PAYABLE UNDER FAMILY GROUP LIFE INSURANCE POLICY. A family group life insurance policy must clearly state:
(1) the maximum amount that is payable to the payee in the policy on the death of an insured or insureds; and
(2) any terms under which an amount other than the maximum amount of the policy is payable.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Structure Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle A - Life Insurance in General
Subchapter A. Required Policy Provisions
Section 1101.001. Applicability of Subchapter
Section 1101.002. Policy Provisions Required
Section 1101.003. Entire Contract
Section 1101.004. Premiums Payable in Advance
Section 1101.005. Grace Period
Section 1101.006. Incontestability
Section 1101.007. Statements of Insured
Section 1101.008. Adjustment of Amount Payable if Age of Insured Is Understated
Section 1101.009. Policy Loans
Section 1101.010. Nonforfeiture Benefits and Cash Surrender Values in General
Section 1101.011. Time for Settlement of Claim
Section 1101.012. Table of Installments of Proceeds
Section 1101.013. Statement of Maximum Amount Payable Under Family Group Life Insurance Policy