28 Tex. Admin. Code § 3.117 - Preliminary Term Life Insurance
The following requirements apply to a contract of life insurance containing a preliminary term insurance rider:
(1) a grace period must be allowed for
payment of the first premium due on the principal policy;
(2) the date of commencement of the
preliminary term insurance, which is the date of inception of the contract as a
whole, must be used to measure the period of contestibility and
suicide.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.