§ 1101.051 Applicability of Subchapter
§ 1101.052 Exclusion
§ 1101.053 Certain Limitations Periods
§ 1101.054 Retroactive Issuance or Effect; Exchange or Conversion
§ 1101.055 Settlement On Maturity Less Than Face Value
§ 1101.056 Preliminary Term Insurance of More Than One Year in Level Premium Policy
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Terms Used In Texas Insurance Code Chapter 1101 > Subchapter B - Prohibited Policy Provisions

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Contract: A legal written agreement that becomes binding when signed.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
  • Year: means 12 consecutive months. See Texas Government Code 311.005