Tex. Ins. Code § 1106.003

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1106.003 - Mental Incapacity Defined

In this chapter, "mental incapacity" means a lack of the ability to:

(1) understand and appreciate the nature and consequences of a decision regarding the failure to pay a premium when due; and

(2) reach an informed decision in the matter.

Tex. Ins. Code § 1106.003

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. 6/1/2003.