reglab/housing_qa huggingface dataset:
TX Ins Code § 1101.203 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1101 - Life Insurance|Subchapter E. Disclosures and Notices Relating to Life Insurance Policies With Non-Guaranteed Charges|Section 1101.203. Applicability

Sec. 1101.203.  APPLICABILITY.  (a)  This subchapter applies to a life insurance policy issued by an insurer, as defined by Section 1102.001, that contains non-guaranteed charges that may change at the discretion of the insurer.(b)  This subchapter does not apply to:(1)  group life insurance without separately identifiable accounts for insureds;(2)  a life insurance policy in which the insurer assumes all risk and contractually guarantees a death benefit in exchange for a guaranteed premium set at the time of the policy's issuance;(3)  an individual or group annuity contract;(4)  credit life insurance;(5)  a life insurance policy with no illustrated death benefits on any individual exceeding $10,000;(6)  a bank-owned or corporate-owned life insurance policy; or(7)  a life insurance policy that does not provide for cash values or nonforfeiture values.|Added by Acts 2019, 86th Leg., R.S., Ch. 1026 (H.B. 207), Sec. 1, eff. September 1, 2019.|
TX Ins Code § 1101.204 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1101 - Life Insurance|Subchapter E. Disclosures and Notices Relating to Life Insurance Policies With Non-Guaranteed Charges|Section 1101.204. Disclosure of Non-Guaranteed Charge Increase After Issuance of Policy

Sec. 1101.204.  DISCLOSURE OF NON-GUARANTEED CHARGE INCREASE AFTER ISSUANCE OF POLICY.  (a) If an insurer increases a non-guaranteed charge applied to a policy, the insurer must provide a written notice to the policy owner:(1)  disclosing:(A)  each non-guaranteed charge that has changed;(B)  the new scale of non-guaranteed charges after the change;(C)  the current scale of charges; and(D)  the guaranteed maximum scale of charges; and(2)  including a prominent display of any adverse change in the current scale of charges identifying:(A)  the nature of the change;(B)  that the change is adverse or the conditions under which the change would be adverse; and(C)  the new age and year at which the policy will lapse if there are no changes to payments or coverage.(b)  The notice under Subsection (a) must include the insurer's telephone number and the following statement placed prominently on the front of the notice:"YOU SHOULD KNOW: This increase may change the value of your policy and may change how long your policy will last unless you increase your premium payments or reduce your coverage, if permitted under your policy.  Ask your insurance company for an illustration, at no cost, that shows the effect of this change on your policy and discuss with your agent or financial advisor other options that are available to you."(c)  The notice required by Subsection (a) must be given not later than the 90th day before the date the change is applied.(d)  The notice required by Subsection (a) does not constitute an illustration, as defined by rules adopted by the department relating to life insurance illustrations.|Added by Acts 2019, 86th Leg., R.S., Ch. 1026 (H.B. 207), Sec. 1, eff. September 1, 2019.|
TX Ins Code § 1101.205 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1101 - Life Insurance|Subchapter E. Disclosures and Notices Relating to Life Insurance Policies With Non-Guaranteed Charges|Section 1101.205. Disclosure of Credited Interest Rate Decrease After Issuance of Policy

Sec. 1101.205.  DISCLOSURE OF CREDITED INTEREST RATE DECREASE AFTER ISSUANCE OF POLICY.  (a)  If an insurer decreases the credited interest rate paid on a policy's accumulation value, the insurer must provide annually a written notice to the policy owner:(1)  disclosing:(A)  the new current credited interest rate;(B)  the previous credited interest rate;(C)  the minimum credited interest rate stated in the policy; and(D)  the effective date of the change; and(2)  including a prominent display of the new age and year at which the policy will lapse based on all changes to non-guaranteed charges and the credited interest rate if there are no changes to payments or coverage.(b)  The notice under Subsection (a) must include the insurer's telephone number and the following statement placed prominently on the front of the notice:"YOU SHOULD KNOW: This decrease may change the value of your policy and may change how long your policy will last unless you increase your premium payments or reduce your coverage.  Ask your insurance company for an in-force illustration that shows the effect of this change on your policy and discuss with your agent or financial advisor other options that are available to you."(c)  Notwithstanding any other provision of this section, this section does not apply to or require disclosures for a variable universal or indexed life insurance policy.|Added by Acts 2019, 86th Leg., R.S., Ch. 1026 (H.B. 207), Sec. 1, eff. September 1, 2019.|
TX Ins Code § 1101.206 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1101 - Life Insurance|Subchapter E. Disclosures and Notices Relating to Life Insurance Policies With Non-Guaranteed Charges|Section 1101.206. Annual Illustration

Sec. 1101.206.  ANNUAL ILLUSTRATION.  Regardless of whether any non-guaranteed charges are changed, an insurer that issues a policy subject to this subchapter must offer to provide to the policy owner at least annually an in-force illustration.  If the insurer has changed any non-guaranteed charges or the credited interest rate, the insurer must offer the illustration at no charge.|Added by Acts 2019, 86th Leg., R.S., Ch. 1026 (H.B. 207), Sec. 1, eff. September 1, 2019.|
TX Ins Code § 1101.207 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1101 - Life Insurance|Subchapter E. Disclosures and Notices Relating to Life Insurance Policies With Non-Guaranteed Charges|Section 1101.207. Rules

Sec. 1101.207.  RULES.  (a)  The commissioner may adopt rules as necessary to implement this subchapter.(b)  The commissioner by rule may exempt certain types of life insurance policies from one or more of the requirements of this subchapter.(c)  Section 2001.0045, Government Code, does not apply to rules adopted under this section.|Added by Acts 2019, 86th Leg., R.S., Ch. 1026 (H.B. 207), Sec. 1, eff. September 1, 2019.|
TX Ins Code § 1101.251 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1101 - Life Insurance|Subchapter F. Prohibited Practices Relating to Prescription for or Obtainment of Opioid Antagonist|Section 1101.251. Definition

Sec. 1101.251.  DEFINITION.  In this subchapter, "opioid antagonist" means any drug that binds to opioid receptors and blocks or otherwise inhibits the effects of opioids acting on those receptors to reverse the effects of an opioid overdose.|Added by Acts 2019, 86th Leg., R.S., Ch. 515 (S.B. 437), Sec. 1, eff. September 1, 2019.Redesignated by Acts 2021, 87th Leg., R.S., Ch. 915 (H.B. 3607), Sec. 21.001(59), eff. September 1, 2021.|
TX Ins Code § 1101.252 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1101 - Life Insurance|Subchapter F. Prohibited Practices Relating to Prescription for or Obtainment of Opioid Antagonist|Section 1101.252. Applicability of Subchapter

Sec. 1101.252.  APPLICABILITY OF SUBCHAPTER.  This subchapter applies to a life insurance policy:(1)  issued or delivered in this state; or(2)  issued by a life insurance company organized in this state.|Added by Acts 2019, 86th Leg., R.S., Ch. 515 (S.B. 437), Sec. 1, eff. September 1, 2019.Redesignated by Acts 2021, 87th Leg., R.S., Ch. 915 (H.B. 3607), Sec. 21.001(59), eff. September 1, 2021.|
TX Ins Code § 1101.253 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1101 - Life Insurance|Subchapter F. Prohibited Practices Relating to Prescription for or Obtainment of Opioid Antagonist|Section 1101.253. Prohibition

Sec. 1101.253.  PROHIBITION.  A life insurance company may not, based solely on whether an individual has been prescribed or has obtained through a standing order an opioid antagonist:(1)  deny coverage to the individual;(2)  limit the amount, extent, or kind of coverage available to the individual; or(3)  charge the individual or a group to which the individual belongs a rate that is different from the rate charged to other individuals or groups, respectively, for the same coverage, unless the charge is based on sound underwriting or actuarial principles reasonably related to actual or anticipated loss experience for a particular risk.|Added by Acts 2019, 86th Leg., R.S., Ch. 515 (S.B. 437), Sec. 1, eff. September 1, 2019.Redesignated by Acts 2021, 87th Leg., R.S., Ch. 915 (H.B. 3607), Sec. 21.001(59), eff. September 1, 2021.|
TX Ins Code § 1103.001 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1103 - Life Insurance Policy Beneficiaries|Subchapter A. Statutory Life Insurance Beneficiaries; Insurable Interest|Section 1103.001. Applicability of Subchapter

Sec. 1103.001.  APPLICABILITY OF SUBCHAPTER.  This subchapter applies only to a life insurance policy issued by a legal reserve life insurance company.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1103.002 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1103 - Life Insurance Policy Beneficiaries|Subchapter A. Statutory Life Insurance Beneficiaries; Insurable Interest|Section 1103.002. Insurable Interest of Beneficiary

Sec. 1103.002.  INSURABLE INTEREST OF BENEFICIARY.  A beneficiary described by this subchapter who is designated in a life insurance policy has an insurable interest for the face amount of the policy and is entitled to collect that amount.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1103.003 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1103 - Life Insurance Policy Beneficiaries|Subchapter A. Statutory Life Insurance Beneficiaries; Insurable Interest|Section 1103.003. Corporation, Joint Stock Association, or Trust Estate as Beneficiary

Sec. 1103.003.  CORPORATION, JOINT STOCK ASSOCIATION, OR TRUST ESTATE AS BENEFICIARY.  A corporation, a joint stock association, or a trust estate that is engaging in business for profit may be designated as a beneficiary in a policy that insures the life of an officer or stockholder of the corporation, joint stock association, or trust estate.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1103.004 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1103 - Life Insurance Policy Beneficiaries|Subchapter A. Statutory Life Insurance Beneficiaries; Insurable Interest|Section 1103.004. Partnership or Partner as Beneficiary

Sec. 1103.004.  PARTNERSHIP OR PARTNER AS BENEFICIARY.  A partnership or a member of a partnership may be designated as a beneficiary in a policy that insures the life of a member of the partnership.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1103.005 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1103 - Life Insurance Policy Beneficiaries|Subchapter A. Statutory Life Insurance Beneficiaries; Insurable Interest|Section 1103.005. Religious, Educational, Eleemosynary, Charitable, or Benevolent Institution or Undertaking as Beneficiary

Sec. 1103.005.  RELIGIOUS, EDUCATIONAL, ELEEMOSYNARY, CHARITABLE, OR BENEVOLENT INSTITUTION OR UNDERTAKING AS BENEFICIARY.  A religious, educational, eleemosynary, charitable, or benevolent institution or undertaking may be designated as a beneficiary in a policy that insures the life of an individual.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1103.051 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1103 - Life Insurance Policy Beneficiaries|Subchapter B. Designation of Beneficiary or Owner of Life Insurance Policy; Insurable Interest|Section 1103.051. Applicability of Subchapter

Sec. 1103.051.  APPLICABILITY OF SUBCHAPTER.  This subchapter applies only to a life insurance policy issued by:(1)  a legal reserve life insurance company;  or(2)  a mutual assessment life insurance company.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1103.052 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1103 - Life Insurance Policy Beneficiaries|Subchapter B. Designation of Beneficiary or Owner of Life Insurance Policy; Insurable Interest|Section 1103.052. Liberal Construction

Sec. 1103.052.  LIBERAL CONSTRUCTION.  This subchapter shall be liberally construed to implement the purposes of this subchapter.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1103.053 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1103 - Life Insurance Policy Beneficiaries|Subchapter B. Designation of Beneficiary or Owner of Life Insurance Policy; Insurable Interest|Section 1103.053. Insurable Interest of Beneficiary, Owner, Transferee, or Assignee

Sec. 1103.053.  INSURABLE INTEREST OF BENEFICIARY, OWNER, TRANSFEREE, OR ASSIGNEE.  (a)  Except as provided by Subsection (b), a beneficiary or owner of a life insurance policy who is designated in accordance with this subchapter or an entity to which a life insurance policy or an interest, benefit, right, or title in a life insurance policy is transferred or assigned in accordance with this subchapter has, at all times after the designation, an insurable interest in the life of the individual who is insured under the policy.(b)  An individual, partnership, association, corporation, or other legal entity that is directly or indirectly engaged in the business of burying the dead does not directly or indirectly have an insurable interest in the life of an individual unless the interest is established under other applicable statutory law or under common law.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.Amended by: Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.0225, eff. September 1, 2005.|
TX Ins Code § 1103.054 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1103 - Life Insurance Policy Beneficiaries|Subchapter B. Designation of Beneficiary or Owner of Life Insurance Policy; Insurable Interest|Section 1103.054. Designation of Beneficiary or Owner in Policy Application

Sec. 1103.054.  DESIGNATION OF BENEFICIARY OR OWNER IN POLICY APPLICATION.  An individual of legal age may:(1)  apply for a policy insuring the individual's life;  and(2)  designate in writing in the application for the policy any individual, partnership, association, corporation, or other legal entity as:(A)  a beneficiary of the policy;(B)  an absolute or partial owner of the policy;  or(C)  both a beneficiary and an absolute or partial owner of the policy.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1103.055 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1103 - Life Insurance Policy Beneficiaries|Subchapter B. Designation of Beneficiary or Owner of Life Insurance Policy; Insurable Interest|Section 1103.055. Designation of Beneficiary of Policy; Transfer or Assignment of Policy or Interest

Sec. 1103.055.  DESIGNATION OF BENEFICIARY OF POLICY;  TRANSFER OR ASSIGNMENT OF POLICY OR INTEREST.  An individual of legal age who is insured under a life insurance policy may in writing:(1)  in a manner and to the extent permitted by the policy, designate any individual, partnership, association, corporation, or other legal entity as a beneficiary of the policy;  and(2)  in a manner and to the extent not prohibited by the policy, transfer or assign to any entity described by Subdivision (1):(A)  the policy;  or(B)  an interest, benefit, right, or title in the policy.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1103.056 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1103 - Life Insurance Policy Beneficiaries|Subchapter B. Designation of Beneficiary or Owner of Life Insurance Policy; Insurable Interest|Section 1103.056. Purchase of or Application for Policy by Third Party

Sec. 1103.056.  PURCHASE OF OR APPLICATION FOR POLICY BY THIRD PARTY.  An individual of legal age may in a single written document:(1)  consent to the purchase of or application for an individual or group life insurance policy by a third party;  and(2)  designate or consent to the designation of any individual, partnership, association, corporation, or other legal entity as:(A)  a beneficiary of the policy;(B)  an absolute or partial owner of the policy;  or(C)  both a beneficiary and an absolute or partial owner of the policy.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1103.101 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1103 - Life Insurance Policy Beneficiaries|Subchapter C. Payment of Proceeds|Section 1103.101. Applicability of Subchapter

Sec. 1103.101.  APPLICABILITY OF SUBCHAPTER.  This subchapter applies only to a life insurance policy issued by a legal reserve life insurance company.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1103.102 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1103 - Life Insurance Policy Beneficiaries|Subchapter C. Payment of Proceeds|Section 1103.102. Payment to Designated Beneficiary

Sec. 1103.102.  PAYMENT TO DESIGNATED BENEFICIARY.  (a)  Except as provided by Subsection (b) or (c), if an individual obtains a policy insuring the individual's life, designates in writing a beneficiary to receive the proceeds of the policy, and files the written designation with the company, the company shall pay the proceeds that become due on the death of the insured to the designated beneficiary.(b)  A company that issues a life insurance policy is not required to pay the proceeds of the policy to a designated beneficiary under Subsection (a) if the company receives notice of an adverse claim to the proceeds from a person who has a bona fide legal claim to all or part of the proceeds.(c)  A private placement contract issued under Section 1152.110 may provide that:(1)  settlement of that portion of the contract attributable to separate account assets is subject to the liquidity of those assets; and(2)  the portion of the contract described by Subdivision (1) must be settled by the insurer when the separate account assets are converted to cash under any applicable terms, which may be a period longer than the two-month period described by Section 1101.011(a).|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 737 (H.B. 2765), Sec. 3, eff. September 1, 2007.|
TX Ins Code § 1103.103 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1103 - Life Insurance Policy Beneficiaries|Subchapter C. Payment of Proceeds|Section 1103.103. Discharge of Liability

Sec. 1103.103.  DISCHARGE OF LIABILITY.  In the absence of notice under Section 1103.102(b) received by the company before the date of payment, a company that issues a life insurance policy is discharged from all liability under the policy if the company pays the proceeds of the policy to a designated beneficiary under Section 1103.102(a).|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1103.104 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1103 - Life Insurance Policy Beneficiaries|Subchapter C. Payment of Proceeds|Section 1103.104. Interest on Proceeds

Sec. 1103.104.  INTEREST ON PROCEEDS.  (a)  Interest on the proceeds of a life insurance policy accrues from the date the company that issues the policy receives due proof of loss until the date the company accepts the claim and offers to pay.(b)  Interest that accrues under this section shall be paid at the same time that the proceeds of the policy are paid under this subchapter.(c)  The interest rate under this section is the rate provided in the policy or, if a rate is not provided in the policy, the rate at which interest accrues on proceeds that are left on deposit with the company that issues the policy.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1103.151 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1103 - Life Insurance Policy Beneficiaries|Subchapter D. Forfeiture of Beneficiary's Rights|Section 1103.151. Forfeiture

Sec. 1103.151.  FORFEITURE.  A beneficiary of a life insurance policy or contract forfeits the beneficiary's interest in the policy or contract if the beneficiary is a principal or an accomplice in wilfully bringing about the death of the insured.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1103.152 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1103 - Life Insurance Policy Beneficiaries|Subchapter D. Forfeiture of Beneficiary's Rights|Section 1103.152. Payment of Proceeds to Contingent Beneficiary or to Relative

Sec. 1103.152.  PAYMENT OF PROCEEDS TO CONTINGENT BENEFICIARY OR TO RELATIVE.  (a)  Except as provided by Subsection (b), if a beneficiary of a life insurance policy or contract forfeits an interest in the policy or contract under Section 1103.151, a contingent beneficiary named by the insured in the policy or contract is entitled to receive the proceeds of the policy or contract.(b)  A contingent beneficiary is not entitled to receive the proceeds of a life insurance policy or contract if the contingent beneficiary forfeits an interest in the policy or contract under Section 1103.151.(c)  If there is not a contingent beneficiary entitled to receive the proceeds of a life insurance policy or contract under Subsection (a), the nearest relative of the insured is entitled to receive those proceeds.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1104.001 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1104 - Life Insurance and Annuity Contracts Issued to Certain Persons|Subchapter A. Life Insurance and Annuity Contracts With Certain Minors|Section 1104.001. Applicability of Subchapter

Sec. 1104.001.  APPLICABILITY OF SUBCHAPTER.  This subchapter applies only to a policy or contract issued by a stock or mutual legal reserve life insurance company that:(1)  is licensed by the department to transact the business of life insurance in this state;  and(2)  maintains the legal reserve required by state law.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|