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Chapter 1151 - Industrial Life Insurance
Subchapter A. General Provisions
Section 1151.001. Definition - Sec. 1151.001. DEFINITION. In this chapter, "industrial life insurance" means...
Section 1151.002. General Applicability of Chapter - Sec. 1151.002. GENERAL APPLICABILITY OF CHAPTER. (a) Except as provided...
Section 1151.003. Applicability of Chapter to Policy Providing Accident and Health Benefits - Sec. 1151.003. APPLICABILITY OF CHAPTER TO POLICY PROVIDING ACCIDENT AND...
Section 1151.004. Certain Associations Excepted - Sec. 1151.004. CERTAIN ASSOCIATIONS EXCEPTED. This chapter does not apply...
Section 1151.005. Certain Nonprofit Organizations Excepted - Sec. 1151.005. CERTAIN NONPROFIT ORGANIZATIONS EXCEPTED. This chapter does not...
Subchapter B. Required Policy Provisions
Section 1151.051. Policy Title - Sec. 1151.051. POLICY TITLE. An industrial life insurance policy must...
Section 1151.052. Entire Contract - Sec. 1151.052. ENTIRE CONTRACT. (a) An industrial life insurance policy...
Section 1151.053. Agent Unauthorized to Waive or Change Terms - Sec. 1151.053. AGENT UNAUTHORIZED TO WAIVE OR CHANGE TERMS. An...
Section 1151.054. Statement Made by or on Behalf of Insured - Sec. 1151.054. STATEMENT MADE BY OR ON BEHALF OF INSURED....
Section 1151.055. Incontestability of Policy - Sec. 1151.055. INCONTESTABILITY OF POLICY. An industrial life insurance policy...
Section 1151.056. Adjustment of Amount Payable if Age of Insured Is Misstated - Sec. 1151.056. ADJUSTMENT OF AMOUNT PAYABLE IF AGE OF INSURED...
Section 1151.057. Grace Period - Sec. 1151.057. GRACE PERIOD. (a) An industrial life insurance policy...
Section 1151.058. Nonforfeiture Benefits and Cash Surrender Values in General - Sec. 1151.058. NONFORFEITURE BENEFITS AND CASH SURRENDER VALUES IN GENERAL....
Section 1151.059. Surplus - Sec. 1151.059. SURPLUS. An industrial life insurance policy that is...
Section 1151.060. Claim Based on Death of Insured - Sec. 1151.060. CLAIM BASED ON DEATH OF INSURED. An industrial...
Section 1151.061. Reinstatement of Policy - Sec. 1151.061. REINSTATEMENT OF POLICY. (a) An industrial life insurance...
Section 1151.062. Exception for Policies Issued or Granted Under Certain Nonforfeiture Provisions - Sec. 1151.062. EXCEPTION FOR POLICIES ISSUED OR GRANTED UNDER CERTAIN...
Subchapter C. Authorized or Prohibited Policy Provisions
Section 1151.101. Authorized Provisions - Sec. 1151.101. AUTHORIZED PROVISIONS. In addition to the provisions required...
Section 1151.102. Prohibited Provisions - Sec. 1151.102. PROHIBITED PROVISIONS. (a) An industrial life insurance policy...
Subchapter D. Rights of Insured Under Certain Older Policies
Section 1151.151. Extended Term or Paid-Up Insurance for Certain Policies - Sec. 1151.151. EXTENDED TERM OR PAID-UP INSURANCE FOR CERTAIN POLICIES....
Section 1151.152. Provisions Concerning Stipulated Form of Insurance or Specified Cash Surrender Value in Certain Policies - Sec. 1151.152. PROVISIONS CONCERNING STIPULATED FORM OF INSURANCE OR SPECIFIED...
Section 1151.153. Computation of Net Value of Stipulated Form of Insurance or Specified Cash Surrender Value - Sec. 1151.153. COMPUTATION OF NET VALUE OF STIPULATED FORM OF...
Section 1151.154. Surrender of Policy for Specified Cash Surrender Value - Sec. 1151.154. SURRENDER OF POLICY FOR SPECIFIED CASH SURRENDER VALUE....
Chapter 1152 - Separate Accounts, Variable Contracts, and Related Products
Section 1152.001. Applicability of Code - Sec. 1152.001. APPLICABILITY OF CODE. (a) Except as provided by...
Section 1152.002. Rules - Sec. 1152.002. RULES. The commissioner may adopt rules that are...
Subchapter B. Separate Accounts
Section 1152.051. Establishment of Separate Accounts - Sec. 1152.051. ESTABLISHMENT OF SEPARATE ACCOUNTS. A domestic life insurance...
Section 1152.052. Ownership of Amounts in Separate Account - Sec. 1152.052. OWNERSHIP OF AMOUNTS IN SEPARATE ACCOUNT. (a) An...
Section 1152.053. Transfer of Assets Between Separate Accounts - Sec. 1152.053. TRANSFER OF ASSETS BETWEEN SEPARATE ACCOUNTS. (a) Except...
Section 1152.054. Compliance With Federal or State Law for Separate Account - Sec. 1152.054. COMPLIANCE WITH FEDERAL OR STATE LAW FOR SEPARATE...
Section 1152.055. Guaranteed Benefits and Money Restriction for Separate Accounts - Sec. 1152.055. GUARANTEED BENEFITS AND MONEY RESTRICTION FOR SEPARATE ACCOUNTS....
Section 1152.056. Investment Limits Not Applicable to Separate Account - Sec. 1152.056. INVESTMENT LIMITS NOT APPLICABLE TO SEPARATE ACCOUNT. Except...
Section 1152.057. Allocation of Income, Gains, or Losses on Separate Account - Sec. 1152.057. ALLOCATION OF INCOME, GAINS, OR LOSSES ON SEPARATE...
Section 1152.058. Asset Valuation in Separate Account - Sec. 1152.058. ASSET VALUATION IN SEPARATE ACCOUNT. An asset allocated...
Section 1152.059. Separate Account Not Chargeable With Other Liabilities - Sec. 1152.059. SEPARATE ACCOUNT NOT CHARGEABLE WITH OTHER LIABILITIES. To...
Subchapter C. Variable Contracts
Section 1152.101. Sole Authority to Regulate Variable Contracts - Sec. 1152.101. SOLE AUTHORITY TO REGULATE VARIABLE CONTRACTS. The commissioner...
Section 1152.102. Authorization Required for Variable Contracts - Sec. 1152.102. AUTHORIZATION REQUIRED FOR VARIABLE CONTRACTS. (a) An insurance...
Section 1152.103. Consideration of Company's Condition or Method of Operation - Sec. 1152.103. CONSIDERATION OF COMPANY'S CONDITION OR METHOD OF OPERATION....
Section 1152.104. Authorization for Subsidiary or Affiliate of Authorized Life Insurance Company - Sec. 1152.104. AUTHORIZATION FOR SUBSIDIARY OR AFFILIATE OF AUTHORIZED LIFE...
Section 1152.105. Waiver of Hearing Requirement - Sec. 1152.105. WAIVER OF HEARING REQUIREMENT. (a) If a company,...
Section 1152.106. Reserve Liability for Variable Contract - Sec. 1152.106. RESERVE LIABILITY FOR VARIABLE CONTRACT. The reserve liability...
Section 1152.107. Separate Annual Statement Required - Sec. 1152.107. SEPARATE ANNUAL STATEMENT REQUIRED. (a) An insurance company...
Section 1152.108. Grace, Reinstatement, and Nonforfeiture Provisions Required - Sec. 1152.108. GRACE, REINSTATEMENT, AND NONFORFEITURE PROVISIONS REQUIRED. (a) An...
Section 1152.109. Variable Benefits Provisions - Sec. 1152.109. VARIABLE BENEFITS PROVISIONS. (a) A contract providing benefits...
Section 1152.110. Private Placement Contracts - Sec. 1152.110. PRIVATE PLACEMENT CONTRACTS. (a) In this section, "private...
Subchapter D. Variable Contract Agents
Section 1152.151. Agent's License Required - Sec. 1152.151. AGENT'S LICENSE REQUIRED. (a) A person may not...
Subchapter E. Modified Guaranteed Contracts
Section 1152.201. Definition - Sec. 1152.201. DEFINITION. In this subchapter, "modified guaranteed contract" means...
Section 1152.202. Applicability of Laws Governing Life Insurance Companies - Sec. 1152.202. APPLICABILITY OF LAWS GOVERNING LIFE INSURANCE COMPANIES. Unless...
Section 1152.203. Rules - Sec. 1152.203. RULES. In addition to any rules adopted under...
Section 1152.204. Nonforfeiture Values - Sec. 1152.204. NONFORFEITURE VALUES. (a) A modified guaranteed contract must...
Section 1152.205. Separate Account Statement - Sec. 1152.205. SEPARATE ACCOUNT STATEMENT. An insurance company that files...
Chapter 1153 - Credit Life Insurance and Credit Accident and Health Insurance
Section 1153.001. Short Title - Sec. 1153.001. SHORT TITLE. This chapter may be cited as...
Section 1153.002. Purpose; Legislative Intent; Construction - Sec. 1153.002. PURPOSE; LEGISLATIVE INTENT; CONSTRUCTION. (a) The purpose of...
Section 1153.003. Definitions - Sec. 1153.003. DEFINITIONS. In this chapter: (1) "Credit accident and...
Section 1153.004. Applicability of Chapter - Sec. 1153.004. APPLICABILITY OF CHAPTER. (a) This chapter applies to...
Section 1153.005. Rules - Sec. 1153.005. RULES. After notice and a hearing, the commissioner...
Section 1153.006. Filing Fee - Sec. 1153.006. FILING FEE. (a) The department shall set and...
Section 1153.007. Gain or Advantage From Insurance Not Prohibited Charge - Sec. 1153.007. GAIN OR ADVANTAGE FROM INSURANCE NOT PROHIBITED CHARGE....
Subchapter B. Forms
Section 1153.051. Filing of Form - Sec. 1153.051. FILING OF FORM. (a) An insurer shall file...
Section 1153.052. Requirements Relating to Insurance Policy or Certificate - Sec. 1153.052. REQUIREMENTS RELATING TO INSURANCE POLICY OR CERTIFICATE. (a)...
Section 1153.053. Disapproval of Form - Sec. 1153.053. DISAPPROVAL OF FORM. (a) Not later than the...
Section 1153.054. Withdrawal of Approval of Form - Sec. 1153.054. WITHDRAWAL OF APPROVAL OF FORM. The commissioner may...
Section 1153.055. Prohibitions Relating to Issuance or Use of Form - Sec. 1153.055. PROHIBITIONS RELATING TO ISSUANCE OR USE OF FORM....
Subchapter C. Rates
Section 1153.101. Filing of Schedule of Rates - Sec. 1153.101. FILING OF SCHEDULE OF RATES. An insurer shall...
Section 1153.102. Revision of Schedule of Rates - Sec. 1153.102. REVISION OF SCHEDULE OF RATES. (a) An insurer...
Section 1153.103. Presumptive Premium Rate - Sec. 1153.103. PRESUMPTIVE PREMIUM RATE. (a) After notice and a...
Section 1153.104. Appeal of Presumptive Rate - Sec. 1153.104. APPEAL OF PRESUMPTIVE RATE. Any person who is...
Section 1153.105. Rate Within Certain Percentages of Presumptive Rate - Sec. 1153.105. RATE WITHIN CERTAIN PERCENTAGES OF PRESUMPTIVE RATE. (a)...
Section 1153.106. Rate Outside Certain Percentages of Presumptive Rate - Sec. 1153.106. RATE OUTSIDE CERTAIN PERCENTAGES OF PRESUMPTIVE RATE. (a)...
Section 1153.107. Rate Standard - Sec. 1153.107. RATE STANDARD. (a) A rate filed under this...
Subchapter D. Credit Insurance Requirements
Section 1153.151. Forms of Credit Life Insurance - Sec. 1153.151. FORMS OF CREDIT LIFE INSURANCE. Credit life insurance...
Section 1153.152. Forms of Credit Accident and Health Insurance - Sec. 1153.152. FORMS OF CREDIT ACCIDENT AND HEALTH INSURANCE. Credit...
Section 1153.153. Evidence of Insurance - Sec. 1153.153. EVIDENCE OF INSURANCE. Credit life insurance or credit...
Section 1153.154. Requirements for Delivery or Issuance of Credit Insurance Policy - Sec. 1153.154. REQUIREMENTS FOR DELIVERY OR ISSUANCE OF CREDIT INSURANCE...
Section 1153.155. Limits on Amount of Credit Life Insurance - Sec. 1153.155. LIMITS ON AMOUNT OF CREDIT LIFE INSURANCE. (a)...
Section 1153.156. Limits on Amount of Credit Accident and Health Insurance - Sec. 1153.156. LIMITS ON AMOUNT OF CREDIT ACCIDENT AND HEALTH...
Section 1153.157. Beginning of Term of Credit Insurance Coverage - Sec. 1153.157. BEGINNING OF TERM OF CREDIT INSURANCE COVERAGE. (a)...
Section 1153.158. Delivery of Evidence of Insurance to Debtor - Sec. 1153.158. DELIVERY OF EVIDENCE OF INSURANCE TO DEBTOR. (a)...
Section 1153.159. Requirements Relating to Application for Insurance or Notice of Proposed Insurance - Sec. 1153.159. REQUIREMENTS RELATING TO APPLICATION FOR INSURANCE OR NOTICE...
Section 1153.160. Termination of Credit Insurance - Sec. 1153.160. TERMINATION OF CREDIT INSURANCE. (a) The term of...
Section 1153.161. Insurance May Be Provided by Debtor - Sec. 1153.161. INSURANCE MAY BE PROVIDED BY DEBTOR. If credit...
Subchapter E. Charges, Refunds, Adjustments, and Claims
Section 1153.201. Maximum Amount of Insurance Charge to Debtor - Sec. 1153.201. MAXIMUM AMOUNT OF INSURANCE CHARGE TO DEBTOR. A...
Section 1153.202. Refund of Insurance Charge on Termination of Debt or Insurance; Filing of Formula - Sec. 1153.202. REFUND OF INSURANCE CHARGE ON TERMINATION OF DEBT...
Section 1153.203. Certain Refunds or Adjustments Required - Sec. 1153.203. CERTAIN REFUNDS OR ADJUSTMENTS REQUIRED. (a) If the...
Section 1153.204. Claim Under Policy - Sec. 1153.204. CLAIM UNDER POLICY. (a) A claim for recovery...
Subchapter O. Enforcement of Chapter; Penalty
Section 1153.701. Compliance Order - Sec. 1153.701. COMPLIANCE ORDER. (a) If, after written notice to...
Section 1153.702. Penalty - Sec. 1153.702. PENALTY. (a) An individual, firm, or corporation who...
Section 1153.703. Revocation or Suspension of Authority on Violation of Order - Sec. 1153.703. REVOCATION OR SUSPENSION OF AUTHORITY ON VIOLATION OF...
Chapter 1154 - Funding Agreements, Guaranteed Investment Contracts, and Synthetic Guaranteed Investment Contracts
Section 1154.001. Short Title - Sec. 1154.001. SHORT TITLE. This chapter may be cited as...
Section 1154.002. Purpose; Legislative Intent; Construction - Sec. 1154.002. PURPOSE; LEGISLATIVE INTENT; CONSTRUCTION. (a) The purpose of...
Section 1154.003. Definitions - Sec. 1154.003. DEFINITIONS. In this chapter: (1) "Annuity contract" means...
Section 1154.004. Applicability of Certain Other Law - Sec. 1154.004. APPLICABILITY OF CERTAIN OTHER LAW. Chapters 521, 1107,...
Section 1154.005. Rules - Sec. 1154.005. RULES. The commissioner may adopt rules to implement...
Subchapter B. Funding Agreements
Section 1154.051. Establishment of Funding Agreements - Sec. 1154.051. ESTABLISHMENT OF FUNDING AGREEMENTS. (a) A life insurer...
Subchapter C. Guaranteed Investment Contracts
Section 1154.101. Establishment of Guaranteed Investment Contracts - Sec. 1154.101. ESTABLISHMENT OF GUARANTEED INVESTMENT CONTRACTS. A life insurer...