Tex. Ins. Code § 1111.052 · Subchapter B. ACCELERATED TERM LIFE INSURANCE BENEFITS
AUTHORITY TO PAY ACCELERATED TERM LIFE BENEFITS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
An insurer may pay an accelerated benefit under an individual or group term life insurance policy or certificate if:
(1) the insurer has received a written medical opinion, satisfactory to the insurer, that the insured has:
(A) a terminal illness;
(B) a long-term care illness; or
(C) an illness or physical condition that is likely to cause permanent disability or premature death, including:
(i) acquired immune deficiency syndrome (AIDS);
(ii) a malignant tumor;
(iii) a condition that requires an organ transplant; or
(iv) a coronary artery disease that results in acute infarction or requires surgery; and
(2) the amount of the accelerated benefit is deducted from:
(A) the amount of the death benefit payable under the policy or certificate; and
(B) any amount the insured would otherwise be entitled to convert to an individual contract.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.302, eff. Sept. 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 80e39081b3002d4525f16d28b1c79f900859bf909bbca12aff9794cd8dfaa7d8
- 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.