Sec. 1101.053. CERTAIN LIMITATIONS PERIODS. A life insurance policy may not include a provision that limits the time during which an action under the policy may be commenced to a period of less than two years after the date the cause of action accrues.
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 B. Prohibited Policy Provisions
Section 1101.051. Applicability of Subchapter
Section 1101.053. Certain Limitations Periods
Section 1101.054. Retroactive Issuance or Effect; Exchange or Conversion
Section 1101.055. Settlement on Maturity Less Than Face Value
Section 1101.056. Preliminary Term Insurance of More Than One Year in Level Premium Policy