Texas Insurance Code

§ 1101.004 — PREMIUMS PAYABLE IN ADVANCE

IN § 1101.004Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1101. LIFE INSURANCE · Art. A. REQUIRED POLICY PROVISIONS

Statute text

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A life insurance policy must provide that all premiums are payable in advance at the home office of the company that issues the policy or to an agent of the company on delivery of a receipt signed by at least one of the company officers designated in the policy.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.