Texas Insurance Code

§ 887.251 — GENERAL REQUIREMENTS FOR INSURANCE CERTIFICATE AND APPLICATION FORMS; INCONTESTABILITY

IN § 887.251Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 887. PROVISIONS APPLICABLE TO CERTAIN MUTUAL ASSESSMENT COMPANIES · Art. F. CONTENTS OF APPLICATIONS AND INSURANCE CERTIFICATES

Statute text

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(a)An insurance certificate issued by an association must include:

(1)any condition of the certificate, including any portion of the bylaws of the association that affects the insurance rights of the parties in any material way; and

(2)a statement that the certificate is issued subject to:

(A)the association's constitution and bylaws; and

(B)any amendments to the constitution and bylaws approved by the commissioner.

(b)An insurance certificate must provide that a certificate in force for two years becomes incontestable, except for nonpayment of dues or assessments, on the second anniversary of the date of issuance, if the insured does not die before that date.

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Legislative history

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