Sec. 1101.152. STIPULATED FORM OF INSURANCE. In case of a default in the payment of a premium after premiums have been paid for three years, a life insurance policy to which this subchapter applies must contain a provision that secures a stipulated form of insurance on the life of the insured.
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 D. Rights of Insured Under Certain Older Policies
Section 1101.151. Applicability of Subchapter
Section 1101.152. Stipulated Form of Insurance
Section 1101.153. Computation of Net Value of Stipulated Form of Insurance
Section 1101.154. Surrender of Policy for Specified Cash Surrender Value
Section 1101.155. Cash Value Table
Section 1101.156. Purchase of Other Insurance and Reinstatement