Sec. 1110.006. INFORMATION TO BE INCLUDED IN POLICY. (a) A life insurance policy must include the substance of the provisions of Section 1110.004(b) that are applicable to the policy.
(b) A life insurance policy that provides for an adjustable interest rate under Section 1110.004(b)(2) must state the frequency at which the rate is to be determined.
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