Tex. Ins. Code § 1151.058

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

Section 1151.058 - Nonforfeiture Benefits and Cash Surrender Values in General

An industrial life insurance policy must provide, in case of default in payment of premiums, nonforfeiture benefits and cash surrender values in accordance with:

(1) Sections 1151.152-1151.154; or

(2) Chapter 1105, for a policy issued on or after the date determined under Section 1105.002(a) or (b), as applicable.

Tex. Ins. Code § 1151.058

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