Sec. 1110.001. DEFINITIONS. In this chapter:
(1) "Life insurance policy" includes:
(A) a benefit certificate issued by a fraternal benefit society; or
(B) an annuity contract that provides for a policy loan.
(2) "Policy loan" includes any premium loan made under a life insurance policy to pay one or more premiums not paid to the life insurer when due.
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 1110 - Interest Rates on Certain Policy Loans
Section 1110.002. Applicability of Chapter
Section 1110.003. Applicability of Other Law
Section 1110.004. Maximum Interest Rate on Policy Loans
Section 1110.005. Frequency of Adjustable Interest Rate Determination
Section 1110.006. Information to Be Included in Policy
Section 1110.007. Notice to Policyholder
Section 1110.008. Loan Value of Policy; Termination of Policy Based on Change in Interest Rate