28 Tex. Admin. Code § 4.618

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

Section 4.618 - Conversion Provision

A conversion provision in a policy must comply with the following:

(1) the conversion provision must state the plan and face amount of the new policy;

(2) the text of the provision must state what premium rates will apply to the new policy;

(3) the text of the provision must discuss the settlement of cash values under the original contract if the policy is converted on a date other than the expiry date; and

(4) the provision must specify that evidence of insurability is not required.

28 Tex. Admin. Code § 4.618

Adopted by Texas Register, Volume 49, Number 03, January 19, 2024, TexReg 0258, eff. 1/24/2024