Sec. 1101.155. CASH VALUE TABLE. A life insurance policy to which this subchapter applies must include a table that shows in dollar amounts the cash value of the policy and the options available to the policy owner if the owner defaults in premium payments during each of the first 20 years that the policy will be in force or each of the years during which premiums are payable, beginning with the first year in which the cash values and options are available.
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