28 Tex. Admin. Code § 3.4305

Current through Reg. 49, No. 49; December 6, 2024

Section 3.4305 - Termination of Benefit upon Exercise of Nonforfeiture Option

The life insurance contract may contain a provision terminating the acceleration-of-life-insurance benefit if the contract is continued under a nonforfeiture option.

The provisions of this §3.4305 adopted to be effective March 1, 1998, 23 TexReg 1585; transferred effective April 16, 1999, 24 TexReg 3092.