Tex. Ins. Code § 1152.108

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

Section 1152.108 - Grace, Reinstatement, and Nonforfeiture Provisions Required

(a) An individual variable life insurance or individual variable annuity contract delivered or issued for delivery in this state must contain grace, reinstatement, and nonforfeiture provisions appropriate to the contract.

(b) A group variable contract delivered or issued for delivery in this state must contain a grace period provision appropriate to the contract.

Tex. Ins. Code § 1152.108

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