28 Tex. Admin. Code § 3.117

Current through Reg. 49, No. 44; November 1, 2024

Section 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.

28 Tex. Admin. Code § 3.117

The provisions of this §3.117 adopted to be effective September 20, 1982, 7 TexReg 3244.