Texas Insurance Code

§ 1101.152 — STIPULATED FORM OF INSURANCE

IN § 1101.152Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1101. LIFE INSURANCE · Art. D. RIGHTS OF INSURED UNDER CERTAIN OLDER POLICIES

Statute text

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In case of a default in the payment of a premium after premiums have been paid for three years, a life insurance policy to which this subchapter applies must contain a provision that secures a stipulated form of insurance on the life of the insured.

Legislative history

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