Sec. 1114.057. DISCLOSURE OF AVAILABILITY OF WAIVER OF SURRENDER CHARGES. An insurer that offers to waive surrender charges as described by Section 541.058(b)(4) shall provide reasonable notice of that offer to the insurer's prospective or current contract holders. The notice may be provided by any available means, including a disclosure document or by display on a link that is prominently placed on the insurer's Internet website.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1156 (H.B. 2277), Sec. 5, eff. September 1, 2011.
Structure Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle A - Life Insurance in General
Chapter 1114 - Replacement of Certain Life Insurance Policies and Annuities
Subchapter B. Duties of Insurers and Agents
Section 1114.051. Duties of Agent; Notice
Section 1114.052. Duties of Insurers That Use Agents
Section 1114.053. Duties of Replacing Insurers That Use Agents
Section 1114.054. Duties of Existing Insurer
Section 1114.055. Duties of Insurers Regarding Direct Response Solicitations
Section 1114.056. Registered Contracts
Section 1114.057. Disclosure of Availability of Waiver of Surrender Charges