Tex. Ins. Code § 1101.203 · Subchapter E. DISCLOSURES AND NOTICES RELATING TO LIFE INSURANCE POLICIES WITH NON-GUARANTEED CHARGES
APPLICABILITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This subchapter applies to a life insurance policy issued by an insurer, as defined by Section 1102.001, 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.
Notes and commentary — not statutory text
History
Added by Acts 2019, 86th Leg., R.S., Ch. 1026 (H.B. 207), Sec. 1, eff. September 1, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1101.htm
- Text hash
- sha256 72496f9c68ee372d79f38b80f74bb5fa5bf9bd0f645246e890866a62c7570b1f
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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