28 Tex. Admin. Code § 3.118

Current through Reg. 49, No. 44; November 1, 2024

Section 3.118 - Conversion Provision

A conversion provision in a policy must comply with the following:

(1) the conversion provision shall state the plan and face amount of the new policy;

(2) the text of the provision shall state what premium rates will apply to the new policy;

(3) the text of the provision shall discuss the settlement of cash values under the original contract if the policy is converted on a date other than the expiry date;

(4) the provision shall specify that evidence of insurability is not required.

28 Tex. Admin. Code § 3.118

The provisions of this §3.118 adopted to be effective September 20, 1982, 7 TexReg 3244.