Texas Insurance Code
§ 1101.008 — ADJUSTMENT OF AMOUNT PAYABLE IF AGE OF INSURED IS UNDERSTATED
IN § 1101.008Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1101. LIFE INSURANCE · Art. A. REQUIRED POLICY PROVISIONS
Statute text
View on sourceA life insurance policy must provide that if the age of an insured has been understated, the amount payable under the policy is the amount that the premium paid would have purchased if the insured's age had been stated correctly.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.