Sec. 1105.051. APPLICABILITY OF SUBCHAPTER. (a) This subchapter applies to a policy issued on or after January 1, 1989.
(b) This subchapter also applies to a policy issued by a company after the date specified in a written notice:
(1) that was filed with the State Board of Insurance after August 31, 1981, but before January 1, 1989; and
(2) under which the company filing the notice elected to comply before January 1, 1989, with the law codified by this subchapter.
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
Chapter 1105 - Standard Nonforfeiture Law for Life Insurance
Subchapter B. Computation of Adjusted Premiums Using Nonforfeiture Net Level Premium Method
Section 1105.051. Applicability of Subchapter
Section 1105.052. Computation of Adjusted Premiums Using Nonforfeiture Net Level Premium Method
Section 1105.053. Computation of Amounts for Policy With Changing Benefits or Premiums
Section 1105.054. Computation of Amounts for Policy Issued on Substandard Basis
Section 1105.056. Nonforfeiture Interest Rate
Section 1105.057. Refiling of Policy Provisions Not Required