Texas Insurance Code

§ 1101.204 — DISCLOSURE OF NON-GUARANTEED CHARGE INCREASE AFTER ISSUANCE OF POLICY

IN § 1101.204Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1101. LIFE INSURANCE · Art. E. DISCLOSURES AND NOTICES RELATING TO LIFE INSURANCE POLICIES WITH NON-GUARANTEED CHARGES

Statute text

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(a)If an insurer increases a non-guaranteed charge applied to a policy, the insurer must provide a written notice to the policy owner:

(1)disclosing:

(A)each non-guaranteed charge that has changed;

(B)the new scale of non-guaranteed charges after the change;

(C)the current scale of charges; and

(D)the guaranteed maximum scale of charges; and

…

Legislative history

Added by Acts 2019, 86th Leg., R.S., Ch. 1026 (H.B. 207), Sec. 1, eff. September 1, 2019.