28 Tex. Admin. Code § 4.617

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

Section 4.617 - Preliminary Term Life Insurance

The following requirements apply to a contract of life insurance containing a preliminary term insurance rider:

(1) a grace period must be allowed for payment of the first premium due on the principal policy; and

(2) the date of commencement of the preliminary term insurance, which is the date of inception of the contract as a whole, must be used to measure the period of contestability and suicide.

28 Tex. Admin. Code § 4.617

Adopted by Texas Register, Volume 49, Number 03, January 19, 2024, TexReg 0258, eff. 1/24/2024