Tex. Ins. Code 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 (Standard Nonforfeiture Law for Life Insurance), for a policy issued on or after the date determined under Section 1105.002 (Applicability of Chapter)(a) or (b), as applicable.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.

Source: Section 1151.058 — Nonforfeiture Benefits and Cash Surrender Values in General, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­1151.­htm#1151.­058 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 1151.058’s source at texas​.gov