Tex. Ins. Code Section 1101.203
Applicability

(a)

This subchapter applies to a life insurance policy issued by an insurer, as defined by Section 1102.001 (Definitions), that contains non-guaranteed charges that may change at the discretion of the insurer.

(b)

This subchapter does not apply to:

(1)

group life insurance without separately identifiable accounts for insureds;

(2)

a life insurance policy in which the insurer assumes all risk and contractually guarantees a death benefit in exchange for a guaranteed premium set at the time of the policy’s issuance;

(3)

an individual or group annuity contract;

(4)

credit life insurance;

(5)

a life insurance policy with no illustrated death benefits on any individual exceeding $10,000;

(6)

a bank-owned or corporate-owned life insurance policy; or

(7)

a life insurance policy that does not provide for cash values or nonforfeiture values.
Added by Acts 2019, 86th Leg., R.S., Ch. 1026 (H.B. 207), Sec. 1, eff. September 1, 2019.

Source: Section 1101.203 — Applicability, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­1101.­htm#1101.­203 (accessed May 11, 2024).

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Accessed:
May 11, 2024

§ 1101.203’s source at texas​.gov