Texas Insurance Code
§ 1114.003 — DEFINITION OF POLICY SUMMARY
IN § 1114.003Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1114. REPLACEMENT OF CERTAIN LIFE INSURANCE POLICIES AND ANNUITIES · Art. A. GENERAL PROVISIONS
Statute text
View on source(a)For purposes of this chapter, "policy summary" has the meaning assigned by this section.
(b)For a policy or contract other than a universal life insurance policy, "policy summary" means a written statement regarding the policy or contract that at minimum contains, to the extent applicable, the following information:
(1)the current death benefit;
(2)the annual contract premium;
(3)the current cash surrender value;
(4)the current dividend;
…
Legislative history
Added by Acts 2007, 80th Leg., R.S., Ch. 904 (H.B. 2762), Sec. 1, eff. September 1, 2007.