Sec. 1106.008. REDUCTION IN BENEFITS. If there is an uncontroverted claim for benefits in an amount that exceeds the amount of premiums and interest owed and unpaid under a policy that is eligible for reinstatement under this chapter, the insurer shall pay the amount of benefits owed reduced by the amount of premiums and interest owed and unpaid on the date the benefits are paid.
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