Tex. Ins. Code § 1110.008 · Chapter 1110. INTEREST RATES ON CERTAIN POLICY LOANS
LOAN VALUE OF POLICY; TERMINATION OF POLICY BASED ON CHANGE IN INTEREST RATE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The loan value of a life insurance policy shall be determined in accordance with Section 1101.009.
(b) A life insurance policy may not be terminated in a policy year solely as the result of a change in the policy loan interest rate during that policy year, and the life insurer shall maintain coverage during that policy year until the time at which coverage would otherwise have terminated if there had been no change in the interest rate.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1110.htm
- Text hash
- sha256 a2f049a508a81e550170e539ebd66f9864f1cd774cfc5511138551d9d3368789
- 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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