Section 1112.001. Certain Guarantees Not Prohibited

TX Ins Code § 1112.001 (2019) (N/A)

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Sec. 1112.001. CERTAIN GUARANTEES NOT PROHIBITED. Section 841.253 does not prohibit the issuance of a life insurance policy that guarantees, by coupons or otherwise, definite payments or reductions in premiums.

Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1F.001, eff. April 1, 2009.

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Section 1112.002. Certain Guarantees Constitute Definite Contract Benefit; Valuation of Benefit