Tex. Ins. Code § 1111.051 · Subchapter B. ACCELERATED TERM LIFE INSURANCE BENEFITS
DEFINITIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this subchapter:
(1) "Accelerated benefit" means a benefit paid to an insured instead of a portion of a death benefit.
(2) "Death benefit" means a benefit payable to a beneficiary on the death of an insured.
(3) "Long-term care illness" means an illness or physical condition that results in the inability to perform the activities of daily life or the substantial and material duties of any occupation.
(4) "Terminal illness" means an illness or physical condition, including a physical injury, that can reasonably be expected to result in death within not more than two years.
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.1111.htm
- Text hash
- sha256 fb1a2fc34b8ac6d39c8fc013563126634361878ce84dc5209b0ce3befae87282
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.