Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle A - Life Insurance in General

Section 1101.010. Nonforfeiture Benefits and Cash Surrender Values in General - Sec. 1101.010. NONFORFEITURE BENEFITS AND CASH SURRENDER VALUES IN GENERAL....

Section 1101.011. Time for Settlement of Claim - Sec. 1101.011. TIME FOR SETTLEMENT OF CLAIM. (a) Except as...

Section 1101.012. Table of Installments of Proceeds - Sec. 1101.012. TABLE OF INSTALLMENTS OF PROCEEDS. A life insurance...

Section 1101.013. Statement of Maximum Amount Payable Under Family Group Life Insurance Policy - Sec. 1101.013. STATEMENT OF MAXIMUM AMOUNT PAYABLE UNDER FAMILY GROUP...

Subchapter B. Prohibited Policy Provisions

Section 1101.051. Applicability of Subchapter - Sec. 1101.051. APPLICABILITY OF SUBCHAPTER. Unless otherwise provided by this...

Section 1101.052. Exclusion - Sec. 1101.052. EXCLUSION. Unless otherwise provided by this subchapter, this...

Section 1101.053. Certain Limitations Periods - Sec. 1101.053. CERTAIN LIMITATIONS PERIODS. A life insurance policy may...

Section 1101.054. Retroactive Issuance or Effect; Exchange or Conversion - Sec. 1101.054. RETROACTIVE ISSUANCE OR EFFECT; EXCHANGE OR CONVERSION. (a)...

Section 1101.055. Settlement on Maturity Less Than Face Value - Sec. 1101.055. SETTLEMENT ON MATURITY LESS THAN FACE VALUE. (a)...

Section 1101.056. Preliminary Term Insurance of More Than One Year in Level Premium Policy - Sec. 1101.056. PRELIMINARY TERM INSURANCE OF MORE THAN ONE YEAR...

Subchapter C. Policy Provisions Required by Other Jurisdictions

Section 1101.101. Required Policy Provisions - Sec. 1101.101. REQUIRED POLICY PROVISIONS. (a) A policy issued in...

Subchapter D. Rights of Insured Under Certain Older Policies

Section 1101.151. Applicability of Subchapter - Sec. 1101.151. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1101.152. Stipulated Form of Insurance - Sec. 1101.152. STIPULATED FORM OF INSURANCE. In case of a...

Section 1101.153. Computation of Net Value of Stipulated Form of Insurance - Sec. 1101.153. COMPUTATION OF NET VALUE OF STIPULATED FORM OF...

Section 1101.154. Surrender of Policy for Specified Cash Surrender Value - Sec. 1101.154. SURRENDER OF POLICY FOR SPECIFIED CASH SURRENDER VALUE....

Section 1101.155. Cash Value Table - Sec. 1101.155. CASH VALUE TABLE. A life insurance policy to...

Section 1101.156. Purchase of Other Insurance and Reinstatement - Sec. 1101.156. PURCHASE OF OTHER INSURANCE AND REINSTATEMENT. A life...

Subchapter E. Disclosures and Notices Relating to Life Insurance Policies With Non-Guaranteed Charges

Section 1101.201. Purpose - Sec. 1101.201. PURPOSE. This subchapter is intended to provide standards...

Section 1101.202. Definitions - Sec. 1101.202. DEFINITIONS. In this subchapter: (1) "Adverse change" means...

Section 1101.203. Applicability - Sec. 1101.203. APPLICABILITY. (a) This subchapter applies to a life...

Section 1101.204. Disclosure of Non-Guaranteed Charge Increase After Issuance of Policy - Sec. 1101.204. DISCLOSURE OF NON-GUARANTEED CHARGE INCREASE AFTER ISSUANCE OF...

Section 1101.205. Disclosure of Credited Interest Rate Decrease After Issuance of Policy - Sec. 1101.205. DISCLOSURE OF CREDITED INTEREST RATE DECREASE AFTER ISSUANCE...

Section 1101.206. Annual Illustration - Sec. 1101.206. ANNUAL ILLUSTRATION. Regardless of whether any non-guaranteed charges...

Section 1101.207. Rules - Sec. 1101.207. RULES. (a) The commissioner may adopt rules as...

Subchapter F. Prohibited Practices Relating to Prescription for or Obtainment of Opioid Antagonist

Section 1101.251. Definition - Sec. 1101.251. DEFINITION. In this subchapter, "opioid antagonist" means any...

Section 1101.252. Applicability of Subchapter - Sec. 1101.252. APPLICABILITY OF SUBCHAPTER. This subchapter applies to a...

Section 1101.253. Prohibition - Sec. 1101.253. PROHIBITION. A life insurance company may not, based...

Chapter 1102 - Payment of Insurance Benefits in Currency

Section 1102.001. Definitions - Sec. 1102.001. DEFINITIONS. In this chapter: (1) "Insurance policy" means...

Section 1102.002. Benefits Payable in Currency - Sec. 1102.002. BENEFITS PAYABLE IN CURRENCY. Each benefit payable under...

Section 1102.003. Statement Regarding Value of Foreign Currency - Sec. 1102.003. STATEMENT REGARDING VALUE OF FOREIGN CURRENCY. (a) An...

Section 1102.004. Previously Approved Insurance Policy Form Payable in Foreign Currency - Sec. 1102.004. PREVIOUSLY APPROVED INSURANCE POLICY FORM PAYABLE IN FOREIGN...

Section 1102.005. Rules - Sec. 1102.005. RULES. The commissioner may adopt reasonable rules to...

Chapter 1103 - Life Insurance Policy Beneficiaries

Subchapter A. Statutory Life Insurance Beneficiaries; Insurable Interest

Section 1103.001. Applicability of Subchapter - Sec. 1103.001. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1103.002. Insurable Interest of Beneficiary - Sec. 1103.002. INSURABLE INTEREST OF BENEFICIARY. A beneficiary described by...

Section 1103.003. Corporation, Joint Stock Association, or Trust Estate as Beneficiary - Sec. 1103.003. CORPORATION, JOINT STOCK ASSOCIATION, OR TRUST ESTATE AS...

Section 1103.004. Partnership or Partner as Beneficiary - Sec. 1103.004. PARTNERSHIP OR PARTNER AS BENEFICIARY. A partnership or...

Section 1103.005. Religious, Educational, Eleemosynary, Charitable, or Benevolent Institution or Undertaking as Beneficiary - Sec. 1103.005. RELIGIOUS, EDUCATIONAL, ELEEMOSYNARY, CHARITABLE, OR BENEVOLENT INSTITUTION OR...

Subchapter B. Designation of Beneficiary or Owner of Life Insurance Policy; Insurable Interest

Section 1103.051. Applicability of Subchapter - Sec. 1103.051. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1103.052. Liberal Construction - Sec. 1103.052. LIBERAL CONSTRUCTION. This subchapter shall be liberally construed...

Section 1103.053. Insurable Interest of Beneficiary, Owner, Transferee, or Assignee - Sec. 1103.053. INSURABLE INTEREST OF BENEFICIARY, OWNER, TRANSFEREE, OR ASSIGNEE....

Section 1103.054. Designation of Beneficiary or Owner in Policy Application - Sec. 1103.054. DESIGNATION OF BENEFICIARY OR OWNER IN POLICY APPLICATION....

Section 1103.055. Designation of Beneficiary of Policy; Transfer or Assignment of Policy or Interest - Sec. 1103.055. DESIGNATION OF BENEFICIARY OF POLICY; TRANSFER OR ASSIGNMENT...

Section 1103.056. Purchase of or Application for Policy by Third Party - Sec. 1103.056. PURCHASE OF OR APPLICATION FOR POLICY BY THIRD...

Subchapter C. Payment of Proceeds

Section 1103.101. Applicability of Subchapter - Sec. 1103.101. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1103.102. Payment to Designated Beneficiary - Sec. 1103.102. PAYMENT TO DESIGNATED BENEFICIARY. (a) Except as provided...

Section 1103.103. Discharge of Liability - Sec. 1103.103. DISCHARGE OF LIABILITY. In the absence of notice...

Section 1103.104. Interest on Proceeds - Sec. 1103.104. INTEREST ON PROCEEDS. (a) Interest on the proceeds...

Subchapter D. Forfeiture of Beneficiary's Rights

Section 1103.151. Forfeiture - Sec. 1103.151. FORFEITURE. A beneficiary of a life insurance policy...

Section 1103.152. Payment of Proceeds to Contingent Beneficiary or to Relative - Sec. 1103.152. PAYMENT OF PROCEEDS TO CONTINGENT BENEFICIARY OR TO...

Chapter 1104 - Life Insurance and Annuity Contracts Issued to Certain Persons

Subchapter A. Life Insurance and Annuity Contracts With Certain Minors

Section 1104.001. Applicability of Subchapter - Sec. 1104.001. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 1104.002. Certain Transactions Exempt - Sec. 1104.002. CERTAIN TRANSACTIONS EXEMPT. This subchapter does not apply...

Section 1104.003. Authority to Contract - Sec. 1104.003. AUTHORITY TO CONTRACT. (a) Subject to this subchapter,...

Section 1104.004. Written Approval by Adult Required - Sec. 1104.004. WRITTEN APPROVAL BY ADULT REQUIRED. An application or...

Section 1104.005. Rescission Because of Minority Prohibited - Sec. 1104.005. RESCISSION BECAUSE OF MINORITY PROHIBITED. A minor who...

Section 1104.006. Effect on Policy or Contract - Sec. 1104.006. EFFECT ON POLICY OR CONTRACT. This subchapter does...

Subchapter B. Trustee Named as Beneficiary of Life Insurance Policy

Section 1104.021. Trustee Named as Beneficiary in Policy - Sec. 1104.021. TRUSTEE NAMED AS BENEFICIARY IN POLICY. (a) An...

Section 1104.022. Trustee Named as Beneficiary in Will - Sec. 1104.022. TRUSTEE NAMED AS BENEFICIARY IN WILL. (a) A...

Section 1104.023. Debts; Inheritance Tax - Sec. 1104.023. DEBTS; INHERITANCE TAX. Life insurance policy proceeds received...

Section 1104.024. Commingling - Sec. 1104.024. COMMINGLING. Life insurance policy proceeds received by a...

Section 1104.025. Certain Prior Beneficiary Designations Not Affected - Sec. 1104.025. CERTAIN PRIOR BENEFICIARY DESIGNATIONS NOT AFFECTED. This subchapter...

Chapter 1105 - Standard Nonforfeiture Law for Life Insurance

Subchapter A. General Provisions

Section 1105.001. Short Title - Sec. 1105.001. SHORT TITLE. This chapter may be cited as...

Section 1105.0015. Definition - Sec. 1105.0015. DEFINITION. In this chapter, "operative date of the...

Section 1105.002. Applicability of Chapter - Sec. 1105.002. APPLICABILITY OF CHAPTER. (a) This chapter applies to...

Section 1105.003. Exemptions - Sec. 1105.003. EXEMPTIONS. (a) This chapter does not apply to:...

Section 1105.004. Required Nonforfeiture Provisions - Sec. 1105.004. REQUIRED NONFORFEITURE PROVISIONS. (a) A life insurance policy...

Section 1105.005. Computation of Adjusted Premiums and Present Values; Mortality Tables and Interest Rates - Sec. 1105.005. COMPUTATION OF ADJUSTED PREMIUMS AND PRESENT VALUES; MORTALITY...

Section 1105.006. Determination of Rated Age - Sec. 1105.006. DETERMINATION OF RATED AGE. For purposes of this...

Section 1105.007. Computation of Cash Surrender Value Following Default - Sec. 1105.007. COMPUTATION OF CASH SURRENDER VALUE FOLLOWING DEFAULT. (a)...

Section 1105.008. Computation of Cash Surrender Value on Surrender Following Policy Anniversary - Sec. 1105.008. COMPUTATION OF CASH SURRENDER VALUE ON SURRENDER FOLLOWING...

Section 1105.009. Computation of Paid-Up Nonforfeiture Benefits - Sec. 1105.009. COMPUTATION OF PAID-UP NONFORFEITURE BENEFITS. Any paid-up nonforfeiture...

Section 1105.010. Proration of Values; Net Value of Paid-Up Additions - Sec. 1105.010. PRORATION OF VALUES; NET VALUE OF PAID-UP ADDITIONS....

Section 1105.011. Inclusion of Certain Additional Benefits in Computing Nonforfeiture Benefits Not Required - Sec. 1105.011. INCLUSION OF CERTAIN ADDITIONAL BENEFITS IN COMPUTING NONFORFEITURE...

Section 1105.012. Progression of Cash Surrender Values - Sec. 1105.012. PROGRESSION OF CASH SURRENDER VALUES. (a) This section...

Subchapter B. Computation of Adjusted Premiums Using Nonforfeiture Net Level Premium Method

Section 1105.051. Applicability of Subchapter - Sec. 1105.051. APPLICABILITY OF SUBCHAPTER. (a) This subchapter applies to...

Section 1105.052. Computation of Adjusted Premiums Using Nonforfeiture Net Level Premium Method - Sec. 1105.052. COMPUTATION OF ADJUSTED PREMIUMS USING NONFORFEITURE NET LEVEL...

Section 1105.053. Computation of Amounts for Policy With Changing Benefits or Premiums - Sec. 1105.053. COMPUTATION OF AMOUNTS FOR POLICY WITH CHANGING BENEFITS...

Section 1105.054. Computation of Amounts for Policy Issued on Substandard Basis - Sec. 1105.054. COMPUTATION OF AMOUNTS FOR POLICY ISSUED ON SUBSTANDARD...

Section 1105.055. Use of Mortality Tables and Interest Rates With Nonforfeiture Net Level Premium Method - Sec. 1105.055. USE OF MORTALITY TABLES AND INTEREST RATES WITH...

Section 1105.056. Nonforfeiture Interest Rate - Sec. 1105.056. NONFORFEITURE INTEREST RATE. (a) For a policy issued...

Section 1105.057. Refiling of Policy Provisions Not Required - Sec. 1105.057. REFILING OF POLICY PROVISIONS NOT REQUIRED. Notwithstanding any...

Subchapter C. Nonforfeiture Benefits for Certain Plans

Section 1105.101. Nonforfeiture Benefits for Indeterminate Premium Plans and Certain Other Plans - Sec. 1105.101. NONFORFEITURE BENEFITS FOR INDETERMINATE PREMIUM PLANS AND CERTAIN...

Subchapter D. Computation of Adjusted Premiums for Certain Policies

Section 1105.151. Computation of Adjusted Premiums for Certain Policies Issued Before January 1, 1989 - Sec. 1105.151. COMPUTATION OF ADJUSTED PREMIUMS FOR CERTAIN POLICIES ISSUED...

Section 1105.152. Computation of Adjusted Premiums for Certain Ordinary Policies Issued Before January 1, 1989 - Sec. 1105.152. COMPUTATION OF ADJUSTED PREMIUMS FOR CERTAIN ORDINARY POLICIES...

Section 1105.153. Computation of Adjusted Premiums for Certain Industrial Policies Issued Before January 1, 1989 - Sec. 1105.153. COMPUTATION OF ADJUSTED PREMIUMS FOR CERTAIN INDUSTRIAL POLICIES...

Chapter 1106 - Reinstatement of Certain Life Insurance Policies

Section 1106.001. Applicability of Chapter - Sec. 1106.001. APPLICABILITY OF CHAPTER. (a) This chapter applies to...

Section 1106.002. Reinstatement Required; Exception - Sec. 1106.002. REINSTATEMENT REQUIRED; EXCEPTION. (a) On the lapse of...

Section 1106.003. Mental Incapacity Defined - Sec. 1106.003. MENTAL INCAPACITY DEFINED. In this chapter, "mental incapacity"...

Section 1106.004. Diagnosis of Mental Incapacity Required - Sec. 1106.004. DIAGNOSIS OF MENTAL INCAPACITY REQUIRED. For purposes of...

Section 1106.005. Request for Reinstatement; Limitation - Sec. 1106.005. REQUEST FOR REINSTATEMENT; LIMITATION. (a) A request for...

Section 1106.006. Reinstatement - Sec. 1106.006. REINSTATEMENT. (a) After the requirements of Section 1106.005...

Section 1106.007. Effect of Reinstatement - Sec. 1106.007. EFFECT OF REINSTATEMENT. On reinstatement of the policy,...

Section 1106.008. Reduction in Benefits - Sec. 1106.008. REDUCTION IN BENEFITS. If there is an uncontroverted...

Section 1106.009. Disclosure - Sec. 1106.009. DISCLOSURE. (a) Each insurer shall disclose fully to...

Section 1106.010. Rules - Sec. 1106.010. RULES. The commissioner shall adopt reasonable rules to...

Chapter 1107 - Standard Nonforfeiture Law for Certain Annuities

Subchapter A. General Provisions

Section 1107.001. Applicability of Chapter - Sec. 1107.001. APPLICABILITY OF CHAPTER. (a) This chapter applies to...

Section 1107.002. Exemptions - Sec. 1107.002. EXEMPTIONS. (a) This chapter does not apply to:...

Section 1107.003. Required Nonforfeiture Provisions - Sec. 1107.003. REQUIRED NONFORFEITURE PROVISIONS. (a) An annuity contract delivered...

Section 1107.004. Optional Termination Provision - Sec. 1107.004. OPTIONAL TERMINATION PROVISION. (a) Notwithstanding the requirements of...

Section 1107.005. Contact Disclosure That Certain Benefits Not Provided - Sec. 1107.005. CONTACT DISCLOSURE THAT CERTAIN BENEFITS NOT PROVIDED. An...

Section 1107.006. Maturity Date - Sec. 1107.006. MATURITY DATE. In determining the value of benefits...

Subchapter B. Computation of Minimum Nonforfeiture Amount

Section 1107.051. Minimum Nonforfeiture Amount - Sec. 1107.051. MINIMUM NONFORFEITURE AMOUNT. The minimum value under Subchapter...

Section 1107.052. Contract With Flexible Considerations - Sec. 1107.052. CONTRACT WITH FLEXIBLE CONSIDERATIONS. (a) This section applies...

Section 1107.053. Contract With Fixed, Scheduled Considerations - Sec. 1107.053. CONTRACT WITH FIXED, SCHEDULED CONSIDERATIONS. (a) For an...

Section 1107.054. Contract With Single Consideration - Sec. 1107.054. CONTRACT WITH SINGLE CONSIDERATION. For an annuity contract...

Section 1107.055. Interest Rate - Sec. 1107.055. INTEREST RATE. The interest rate used in determining...

Section 1107.056. Additional Interest Rate Adjustments - Sec. 1107.056. ADDITIONAL INTEREST RATE ADJUSTMENTS. The commissioner may adopt...

Section 1107.057. Minimum Nonforfeiture Amount - Sec. 1107.057. MINIMUM NONFORFEITURE AMOUNT. (a) The minimum values as...

Subchapter C. Value of Nonforfeiture Benefits

Section 1107.101. Present Value of Nonforfeiture Benefits - Sec. 1107.101. PRESENT VALUE OF NONFORFEITURE BENEFITS. (a) The present...

Section 1107.102. Computation of Paid-Up Annuity Benefit Under Certain Contracts - Sec. 1107.102. COMPUTATION OF PAID-UP ANNUITY BENEFIT UNDER CERTAIN CONTRACTS....

Section 1107.103. Computation of Cash Surrender Benefit - Sec. 1107.103. COMPUTATION OF CASH SURRENDER BENEFIT. (a) Subject to...

Section 1107.104. Computation of Death Benefit - Sec. 1107.104. COMPUTATION OF DEATH BENEFIT. The value of a...

Section 1107.105. Computation of Benefits Available at the Time Other Than Contract Anniversary - Sec. 1107.105. COMPUTATION OF BENEFITS AVAILABLE AT THE TIME OTHER...

Section 1107.106. Minimum Nonforfeiture Values Under Contract That Provides Annuity and Life Insurance Benefits - Sec. 1107.106. MINIMUM NONFORFEITURE VALUES UNDER CONTRACT THAT PROVIDES ANNUITY...

Section 1107.107. Computations Not Affected by Additional Benefits - Sec. 1107.107. COMPUTATIONS NOT AFFECTED BY ADDITIONAL BENEFITS. (a) Notwithstanding...

Section 1107.108. Rules - Sec. 1107.108. RULES. The commissioner may adopt rules to implement...

Chapter 1108 - Benefits Exempt From Seizure

Subchapter A. General Provisions

Section 1108.001. Construction With Other Law - Sec. 1108.001. CONSTRUCTION WITH OTHER LAW. The exemptions under this...

Section 1108.002. Annuity Contracts - Sec. 1108.002. ANNUITY CONTRACTS. For purposes of regulation under this...

Subchapter B. Exemptions From Seizure

Section 1108.051. Exemptions for Certain Insurance and Annuity Benefits - Sec. 1108.051. EXEMPTIONS FOR CERTAIN INSURANCE AND ANNUITY BENEFITS. (a)...

Section 1108.052. Exemptions Unaffected by Beneficiary Designation - Sec. 1108.052. EXEMPTIONS UNAFFECTED BY BENEFICIARY DESIGNATION. The exemptions provided...

Section 1108.053. Exceptions to Exemptions - Sec. 1108.053. EXCEPTIONS TO EXEMPTIONS. The exemptions provided by Section...

Subchapter C. Assignment of Benefits

Section 1108.101. Assignment Generally - Sec. 1108.101. ASSIGNMENT GENERALLY. (a) This chapter does not prevent...

Section 1108.102. Certain Assignments Void - Sec. 1108.102. CERTAIN ASSIGNMENTS VOID. If an insurance policy, annuity...

Chapter 1109 - Unclaimed Life Insurance and Annuity Contract Proceeds

Subchapter A. General Provisions

Section 1109.001. Applicability of Chapter - Sec. 1109.001. APPLICABILITY OF CHAPTER. (a) This chapter applies to...

Section 1109.002. Administration and Enforcement; Rules - Sec. 1109.002. ADMINISTRATION AND ENFORCEMENT; RULES. (a) This chapter shall...

Section 1109.003. Appropriations to Administer Chapter - Sec. 1109.003. APPROPRIATIONS TO ADMINISTER CHAPTER. To enforce and administer...

Subchapter A. -1. Death Master File Search; Identification of Unclaimed Proceeds

Section 1109.010. Definitions - Sec. 1109.010. DEFINITIONS. In this subchapter: (1) "Annuity contract" means...

Section 1109.011. Identification of Death Master File Matches - Sec. 1109.011. IDENTIFICATION OF DEATH MASTER FILE MATCHES. (a) An...

Section 1109.012. Duties Regarding Death Master File Match - Sec. 1109.012. DUTIES REGARDING DEATH MASTER FILE MATCH. (a) For...

Section 1109.013. Presumption of Unclaimed Proceeds; Report and Delivery of Proceeds - Sec. 1109.013. PRESUMPTION OF UNCLAIMED PROCEEDS; REPORT AND DELIVERY OF...

Section 1109.014. Rulemaking Authority - Sec. 1109.014. RULEMAKING AUTHORITY. The commissioner may adopt rules to...

Section 1109.015. Authority to Issue Certain Orders - Sec. 1109.015. AUTHORITY TO ISSUE CERTAIN ORDERS. The commissioner may...

Section 1109.016. Authority to Request Death Certificate - Sec. 1109.016. AUTHORITY TO REQUEST DEATH CERTIFICATE. Nothing in this...

Chapter 1110 - Interest Rates on Certain Policy Loans

Section 1110.001. Definitions - Sec. 1110.001. DEFINITIONS. In this chapter: (1) "Life insurance policy"...

Section 1110.002. Applicability of Chapter - Sec. 1110.002. APPLICABILITY OF CHAPTER. This chapter applies only to...

Section 1110.003. Applicability of Other Law - Sec. 1110.003. APPLICABILITY OF OTHER LAW. A law not included...

Section 1110.004. Maximum Interest Rate on Policy Loans - Sec. 1110.004. MAXIMUM INTEREST RATE ON POLICY LOANS. (a) In...

Section 1110.005. Frequency of Adjustable Interest Rate Determination - Sec. 1110.005. FREQUENCY OF ADJUSTABLE INTEREST RATE DETERMINATION. A life...

Section 1110.006. Information to Be Included in Policy - Sec. 1110.006. INFORMATION TO BE INCLUDED IN POLICY. (a) A...

Section 1110.007. Notice to Policyholder - Sec. 1110.007. NOTICE TO POLICYHOLDER. (a) In this section, "policyholder"...

Section 1110.008. Loan Value of Policy; Termination of Policy Based on Change in Interest Rate - Sec. 1110.008. LOAN VALUE OF POLICY; TERMINATION OF POLICY BASED...

Chapter 1111 - Accelerated Term Life Insurance Benefits

Subchapter B. Accelerated Term Life Insurance Benefits

Section 1111.051. Definitions - Sec. 1111.051. DEFINITIONS. In this subchapter: (1) "Accelerated benefit" means...

Section 1111.052. Authority to Pay Accelerated Term Life Benefits - Sec. 1111.052. AUTHORITY TO PAY ACCELERATED TERM LIFE BENEFITS. An...

Section 1111.053. Rules - Sec. 1111.053. RULES. The commissioner may adopt rules to implement...

Chapter 1111A - Life Settlement Contracts

Section 1111A.001. Short Title - Sec. 1111A.001. SHORT TITLE. This Act may be cited as...

Section 1111A.002. Definitions - Sec. 1111A.002. DEFINITIONS. In this chapter: (1) "Advertisement" means a...

Section 1111A.003. Licensing Requirements; Exemption - Sec. 1111A.003. LICENSING REQUIREMENTS; EXEMPTION. (a) A person, wherever located,...

Section 1111A.004. License Suspension, Revocation, or Refusal to Renew - Sec. 1111A.004. LICENSE SUSPENSION, REVOCATION, OR REFUSAL TO RENEW. (a)...

Section 1111A.005. Requirements for Contract Forms, Disclosure Forms, and Advertisements - Sec. 1111A.005. REQUIREMENTS FOR CONTRACT FORMS, DISCLOSURE FORMS, AND ADVERTISEMENTS....

Section 1111A.006. Reporting Requirements and Privacy - Sec. 1111A.006. REPORTING REQUIREMENTS AND PRIVACY. (a) For a policy...

Section 1111A.007. Examination - Sec. 1111A.007. EXAMINATION. Subchapter B, Chapter 401, applies to a...

Section 1111A.008. Immunity From Liability - Sec. 1111A.008. IMMUNITY FROM LIABILITY. (a) No cause of action...

Section 1111A.009. Investigative Authority of the Commissioner - Sec. 1111A.009. INVESTIGATIVE AUTHORITY OF THE COMMISSIONER. The commissioner may...

Section 1111A.010. Cost of Examinations - Sec. 1111A.010. COST OF EXAMINATIONS. The reasonable and necessary cost...

Section 1111A.011. Advertising - Sec. 1111A.011. ADVERTISING. (a) A broker or provider licensed pursuant...

Section 1111A.012. Disclosures to Owners - Sec. 1111A.012. DISCLOSURES TO OWNERS. (a) The broker, or the...

Section 1111A.013. Disclosure to Insurer - Sec. 1111A.013. DISCLOSURE TO INSURER. (a) Without limiting the ability...

Section 1111A.014. General Rules - Sec. 1111A.014. GENERAL RULES. (a) Before entering into a life...

Section 1111A.015. Authority to Adopt Rules - Sec. 1111A.015. AUTHORITY TO ADOPT RULES. (a) The commissioner may...

Section 1111A.016. Conflict of Laws - Sec. 1111A.016. CONFLICT OF LAWS. (a) If there is more...

Section 1111A.017. Prohibited Practices - Sec. 1111A.017. PROHIBITED PRACTICES. (a) A person may not: (1)...

Section 1111A.018. Fraud Prevention and Control - Sec. 1111A.018. FRAUD PREVENTION AND CONTROL. (a) A person may...

Section 1111A.019. Mandatory Reporting of Fraudulent Life Settlement Acts - Sec. 1111A.019. MANDATORY REPORTING OF FRAUDULENT LIFE SETTLEMENT ACTS. A...

Section 1111A.020. Confidentiality - Sec. 1111A.020. CONFIDENTIALITY. (a) The documents and evidence obtained by...

Section 1111A.021. Other Law Enforcement or Regulatory Authority - Sec. 1111A.021. OTHER LAW ENFORCEMENT OR REGULATORY AUTHORITY. This chapter...

Section 1111A.022. Life Settlement Antifraud Initiatives - Sec. 1111A.022. LIFE SETTLEMENT ANTIFRAUD INITIATIVES. (a) A provider or...

Section 1111A.023. Injunction; Civil Remedies; Cease and Desist Orders - Sec. 1111A.023. INJUNCTION; CIVIL REMEDIES; CEASE AND DESIST ORDERS. (a)...

Section 1111A.024. Penalties - Sec. 1111A.024. PENALTIES. (a) It is a violation of this...

Section 1111A.025. Applicability of Other Insurance Laws - Sec. 1111A.025. APPLICABILITY OF OTHER INSURANCE LAWS. The following laws...

Section 1111A.026. Applicability of Certain Provisions to Life Expectancy Estimators - Sec. 1111A.026. APPLICABILITY OF CERTAIN PROVISIONS TO LIFE EXPECTANCY ESTIMATORS....

Chapter 1112 - Certain Guarantees in Life Insurance Policies

Section 1112.001. Certain Guarantees Not Prohibited - Sec. 1112.001. CERTAIN GUARANTEES NOT PROHIBITED. Section 841.253 does not...

Section 1112.002. Certain Guarantees Constitute Definite Contract Benefit; Valuation of Benefit - Sec. 1112.002. CERTAIN GUARANTEES CONSTITUTE DEFINITE CONTRACT BENEFIT; VALUATION OF...

Chapter 1113 - Management, Control, and Disposition of Certain Life Insurance and Annuity Contracts

Section 1113.001. Life Insurance and Annuity Contracts of Spouse - Sec. 1113.001. LIFE INSURANCE AND ANNUITY CONTRACTS OF SPOUSE. A...

Chapter 1114 - Replacement of Certain Life Insurance Policies and Annuities

Subchapter A. General Provisions

Section 1114.001. Purpose - Sec. 1114.001. PURPOSE. The purpose of this chapter is to:...

Section 1114.002. General Definitions - Sec. 1114.002. GENERAL DEFINITIONS. In this chapter: (1) "Agent" means...

Section 1114.003. Definition of Policy Summary - Sec. 1114.003. DEFINITION OF POLICY SUMMARY. (a) For purposes of...

Section 1114.004. Applicability; Exemptions - Sec. 1114.004. APPLICABILITY; EXEMPTIONS. (a) Except as otherwise specifically provided...

Section 1114.005. Financed Purchase - Sec. 1114.005. FINANCED PURCHASE. (a) If a withdrawal, surrender, or...

Section 1114.006. Consumer Notice Documents - Sec. 1114.006. CONSUMER NOTICE DOCUMENTS. (a) The commissioner by rule...

Section 1114.007. Rules - Sec. 1114.007. RULES. The commissioner may adopt reasonable rules in...

Subchapter B. Duties of Insurers and Agents

Section 1114.051. Duties of Agent; Notice - Sec. 1114.051. DUTIES OF AGENT; NOTICE. (a) An agent who...

Section 1114.052. Duties of Insurers That Use Agents - Sec. 1114.052. DUTIES OF INSURERS THAT USE AGENTS. (a) An...

Section 1114.053. Duties of Replacing Insurers That Use Agents - Sec. 1114.053. DUTIES OF REPLACING INSURERS THAT USE AGENTS. (a)...

Section 1114.054. Duties of Existing Insurer - Sec. 1114.054. DUTIES OF EXISTING INSURER. (a) If a transaction...

Section 1114.055. Duties of Insurers Regarding Direct Response Solicitations - Sec. 1114.055. DUTIES OF INSURERS REGARDING DIRECT RESPONSE SOLICITATIONS. (a)...

Section 1114.056. Registered Contracts - Sec. 1114.056. REGISTERED CONTRACTS. A registered contract is exempt from...

Section 1114.057. Disclosure of Availability of Waiver of Surrender Charges - Sec. 1114.057. DISCLOSURE OF AVAILABILITY OF WAIVER OF SURRENDER CHARGES....

Subchapter C. Enforcement

Section 1114.101. Unfair Method of Competition; Sanctions and Penalties - Sec. 1114.101. UNFAIR METHOD OF COMPETITION; SANCTIONS AND PENALTIES. (a)...

Section 1114.102. Additional Sanctions - Sec. 1114.102. ADDITIONAL SANCTIONS. (a) In addition to sanctions and...

Chapter 1115 - Suitability of Certain Annuity Transactions

Subchapter A. General Provisions

Section 1115.001. Purpose - Sec. 1115.001. PURPOSE. The purpose of this chapter is to...

Section 1115.002. Definitions - Sec. 1115.002. DEFINITIONS. In this chapter: (1) "Agent" means an...

Section 1115.003. Applicability; Exemptions - Sec. 1115.003. APPLICABILITY; EXEMPTIONS. (a) This chapter applies to any...

Section 1115.004. No Cause of Action Created - Sec. 1115.004. NO CAUSE OF ACTION CREATED. This chapter may...

Section 1115.005. Rules - Sec. 1115.005. RULES. The commissioner may adopt reasonable rules in...

Subchapter B. Duties of Insurers and Agents

Section 1115.0505. Agents Exercising Material Control - Sec. 1115.0505. AGENTS EXERCISING MATERIAL CONTROL. (a) This subchapter applies...

Section 1115.0506. Transactions Not Based on Recommendation; Certain Exemptions From Subchapter - Sec. 1115.0506. TRANSACTIONS NOT BASED ON RECOMMENDATION; CERTAIN EXEMPTIONS FROM...

Section 1115.0507. Insurer Obligations - Sec. 1115.0507. INSURER OBLIGATIONS. (a) Notwithstanding Section 1115.0506, an insurer's...

Section 1115.0508. Additional Licensure Not Required - Sec. 1115.0508. ADDITIONAL LICENSURE NOT REQUIRED. Nothing in this subchapter...

Section 1115.051. Best-Interest Obligation - Sec. 1115.051. BEST-INTEREST OBLIGATION. (a) When making a recommendation of...

Section 1115.0513. Care Obligation - Sec. 1115.0513. CARE OBLIGATION. (a) In making a recommendation, an...

Section 1115.0514. Disclosure Obligation - Sec. 1115.0514. DISCLOSURE OBLIGATION. (a) Before the recommendation or sale...

Section 1115.0515. Conflict of Interest Obligation - Sec. 1115.0515. CONFLICT OF INTEREST OBLIGATION. (a) An agent shall...

Section 1115.0516. Documentation Obligation - Sec. 1115.0516. DOCUMENTATION OBLIGATION. At the time of the recommendation...

Section 1115.052. Supervision System - Sec. 1115.052. SUPERVISION SYSTEM. (a) Except as provided in Section...

Section 1115.0521. Prohibited Practices - Sec. 1115.0521. PROHIBITED PRACTICES. An agent or insurer may not...

Section 1115.053. Certification Requirements - Sec. 1115.053. CERTIFICATION REQUIREMENTS. A person may not provide a...

Section 1115.054. Safe Harbor - Sec. 1115.054. SAFE HARBOR. (a) Recommendations and sales of annuities...

Section 1115.055. Recordkeeping Requirements - Sec. 1115.055. RECORDKEEPING REQUIREMENTS. (a) Each agent, general agent, independent...

Section 1115.056. Agent Training Requirements - Sec. 1115.056. AGENT TRAINING REQUIREMENTS. (a) An agent may not...

Subchapter C. Mitigation; Enforcement

Section 1115.101. Mitigation - Sec. 1115.101. MITIGATION. An insurer is responsible for compliance with...

Section 1115.102. Sanctions - Sec. 1115.102. SANCTIONS. (a) The commissioner may impose sanctions as...

Chapter 1116 - Required Provisions for Annuity Contract

Section 1116.001. Definition - Sec. 1116.001. DEFINITION. In this chapter, "annuity" means a fixed,...

Section 1116.002. Rescission Period Required - Sec. 1116.002. RESCISSION PERIOD REQUIRED. (a) A fixed annuity contract...

Section 1116.003. Rulemaking Authority for Contingent Deferred Annuity Contracts - Sec. 1116.003. RULEMAKING AUTHORITY FOR CONTINGENT DEFERRED ANNUITY CONTRACTS. (a)...

Chapter 1117 - Use of Senior-Specific Certifications or Professional Designations

Subchapter A. General Provisions

Section 1117.001. Purpose - Sec. 1117.001. PURPOSE. The purpose of this chapter is to...

Section 1117.002. Definitions - Sec. 1117.002. DEFINITIONS. In this chapter: (1) "Insurance agent" means...

Section 1117.003. Applicability of Chapter; Construction With Other Law - Sec. 1117.003. APPLICABILITY OF CHAPTER; CONSTRUCTION WITH OTHER LAW. (a)...

Subchapter B. Use of Senior-Specific Certifications And

Section 1117.051. Certain Uses of Senior-Specific Certifications and Designations Prohibited - Sec. 1117.051. CERTAIN USES OF SENIOR-SPECIFIC CERTIFICATIONS AND DESIGNATIONS PROHIBITED....

Section 1117.052. Applicability to Certain Financial Services - Sec. 1117.052. APPLICABILITY TO CERTAIN FINANCIAL SERVICES. (a) Notwithstanding Section...

Next >>

Texas Statutes Title 7 - Life Insurance and Annuities Subtitle A - Life Insurance in General

Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle A - Life Insurance in General