Tex. Ins. Code Section 1101.056
Preliminary Term Insurance of More than One Year in Level Premium Policy

(a)

Sections 1101.051 (Applicability of Subchapter) and 1101.052 (Exclusion) do not apply to this section.

(b)

This section does not apply to a life insurance policy issued on or after the date determined under Section 1105.002 (Applicability of Chapter)(a) or (b), as applicable.

(c)

A level premium life insurance policy may not be issued or sold in this state by any company if the policy provides for more than one year of preliminary term insurance.

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

Source: Section 1101.056 — Preliminary Term Insurance of More than One Year in Level Premium Policy, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1101.htm#1101.056 (accessed May 11, 2024).

1101.001
Applicability of Subchapter 1101.002
Policy Provisions Required 1101.003
Entire Contract 1101.004
Premiums Payable in Advance 1101.005
Grace Period 1101.006
Incontestability 1101.007
Statements of Insured 1101.008
Adjustment of Amount Payable if Age of Insured Is Understated 1101.009
Policy Loans 1101.010
Nonforfeiture Benefits and Cash Surrender Values in General 1101.011
Time for Settlement of Claim 1101.012
Table of Installments of Proceeds 1101.013
Statement of Maximum Amount Payable Under Family Group Life Insurance Policy 1101.051
Applicability of Subchapter 1101.052
Exclusion 1101.053
Certain Limitations Periods 1101.054
Retroactive Issuance or Effect 1101.055
Settlement on Maturity Less than Face Value 1101.056
Preliminary Term Insurance of More than One Year in Level Premium Policy 1101.101
Required Policy Provisions 1101.151
Applicability of Subchapter 1101.152
Stipulated Form of Insurance 1101.153
Computation of Net Value of Stipulated Form of Insurance 1101.154
Surrender of Policy for Specified Cash Surrender Value 1101.155
Cash Value Table 1101.156
Purchase of Other Insurance and Reinstatement 1101.201
Purpose 1101.202
Definitions 1101.203
Applicability 1101.204
Disclosure of Non-guaranteed Charge Increase After Issuance of Policy 1101.205
Disclosure of Credited Interest Rate Decrease After Issuance of Policy 1101.206
Annual Illustration 1101.207
Rules 1101.251
Definition 1101.252
Applicability of Subchapter 1101.253
Prohibition

Accessed:
May 11, 2024

§ 1101.056’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._ins._code_section_1101.056

Original Source: Section 1101.056 — Preliminary Term Insurance of More than One Year in Level Premium Policy, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1101.htm#1101.056 (last accessed May 11, 2024).