Tex. Ins. Code § 1152.108 · Subchapter C. VARIABLE CONTRACTS
GRACE, REINSTATEMENT, AND NONFORFEITURE PROVISIONS REQUIRED.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
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.1152.htm
- Text hash
- sha256 2ff3b00de93379b9d5c6c7d5310ef10e2078545893c17054d3742f4d5126d607
- 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.