28 Tex. Admin. Code § 4.617 - 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; and
(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 contestability and
suicide.
Notes
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