Sec. 1106.003. MENTAL INCAPACITY DEFINED. In this chapter, "mental incapacity" means a lack of the ability to:
(1) understand and appreciate the nature and consequences of a decision regarding the failure to pay a premium when due; and
(2) reach an informed decision in the matter.
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 1106 - Reinstatement of Certain Life Insurance Policies
Section 1106.001. Applicability of Chapter
Section 1106.002. Reinstatement Required; Exception
Section 1106.003. Mental Incapacity Defined
Section 1106.004. Diagnosis of Mental Incapacity Required
Section 1106.005. Request for Reinstatement; Limitation
Section 1106.006. Reinstatement
Section 1106.007. Effect of Reinstatement