Texas Insurance Code
§ 1101.009 — POLICY LOANS
IN § 1101.009Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1101. LIFE INSURANCE · Art. A. REQUIRED POLICY PROVISIONS
Statute text
View on source(a)The following policies are not required to comply with this section:
(1)a term life insurance policy;
(2)a pure endowment contract issued or granted:
(A)as an original contract; or
(B)in exchange for a lapsed or surrendered policy; or
(3)a policy that does not provide for cash values or nonforfeiture values and that meets the requirements of Section 884.403(b).
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Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.