28 Tex. Admin. Code § 4.617
Preliminary Term Life Insurance
Effective Jan 24, 202449 TexReg 250Source Note: The provisions of this §4.617 adopted to be effective September 20, 1982, 7 TexReg 3244; transferred effective September 1, 2023, as published in the July 28, 2023, issue of the Texas Register, 48 TexReg 4127; amended to be effective January 24, 2024, 49 TexReg 250.Texas Secretary of State
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.
Source Note:The provisions of this §4.617 adopted to be effective September 20, 1982, 7 TexReg 3244; transferred effective September 1, 2023, as published in the July 28, 2023, issue of the Texas Register, 48 TexReg 4127; amended to be effective January 24, 2024, 49 TexReg 250.