Tex. Ins. Code § 1131.107

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1131.107 - Adjustment of Premiums or Benefits If Age of Insured Is Misstated

(a) A group life insurance policy must specify an equitable adjustment of premiums, benefits, or both, to be made if the age of an insured has been misstated.

(b) The provision required by Subsection (a) must contain a clear statement of the method of adjustment to be used.

(c) This section does not apply to a policy to which Section 1131.703 applies.

Tex. Ins. Code § 1131.107

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. 6/1/2003.