Texas Insurance Code 1101.056 – Preliminary Term Insurance of More Than One Year in Level Premium Policy
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(a) Sections 1101.051 and 1101.052 do not apply to this section.
(b) This section does not apply to a life insurance policy issued on or after the date determined under Section 1105.002(a) or (b), as applicable.
Terms Used In Texas Insurance Code 1101.056
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) A level premium life insurance policy may not be issued or sold in this state by any company if the policy provides for more than one year of preliminary term insurance.