Tex. Ins. Code 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.

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

Source: Section 1152.108 — Grace, Reinstatement, and Nonforfeiture Provisions Required, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1152.htm#1152.108 (accessed May 18, 2024).

1152.001
Applicability of Code 1152.002
Rules 1152.051
Establishment of Separate Accounts 1152.052
Ownership of Amounts in Separate Account 1152.053
Transfer of Assets Between Separate Accounts 1152.054
Compliance with Federal or State Law for Separate Account 1152.055
Guaranteed Benefits and Money Restriction for Separate Accounts 1152.056
Investment Limits Not Applicable to Separate Account 1152.057
Allocation of Income, Gains, or Losses on Separate Account 1152.058
Asset Valuation in Separate Account 1152.059
Separate Account Not Chargeable with Other Liabilities 1152.101
Sole Authority to Regulate Variable Contracts 1152.102
Authorization Required for Variable Contracts 1152.103
Consideration of Company’s Condition or Method of Operation 1152.104
Authorization for Subsidiary or Affiliate of Authorized Life Insurance Company 1152.105
Waiver of Hearing Requirement 1152.106
Reserve Liability for Variable Contract 1152.107
Separate Annual Statement Required 1152.108
Grace, Reinstatement, and Nonforfeiture Provisions Required 1152.109
Variable Benefits Provisions 1152.110
Private Placement Contracts 1152.151
Agent’s License Required 1152.201
Definition 1152.202
Applicability of Laws Governing Life Insurance Companies 1152.203
Rules 1152.204
Nonforfeiture Values 1152.205
Separate Account Statement

Accessed:
May 18, 2024

§ 1152.108’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._ins._code_section_1152.108

Original Source: Section 1152.108 — Grace, Reinstatement, and Nonforfeiture Provisions Required, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1152.htm#1152.108 (last accessed May 18, 2024).