Texas Insurance Code

§ 1111.052 — AUTHORITY TO PAY ACCELERATED TERM LIFE BENEFITS

IN § 1111.052Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1111. ACCELERATED TERM LIFE INSURANCE BENEFITS · Art. B. ACCELERATED TERM LIFE INSURANCE BENEFITS

Statute text

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An insurer may pay an accelerated benefit under an individual or group term life insurance policy or certificate if:

(1)the insurer has received a written medical opinion, satisfactory to the insurer, that the insured has:

(A)a terminal illness;

(B)a long-term care illness; or

(C)an illness or physical condition that is likely to cause permanent disability or premature death, including:

(i)acquired immune deficiency syndrome (AIDS);

…

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.302, eff. Sept. 1, 2003.