reglab/housing_qa huggingface dataset:
TX Ins Code § 1108.102 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1108 - Benefits Exempt From Seizure|Subchapter C. Assignment of Benefits|Section 1108.102. Certain Assignments Void

Sec. 1108.102.  CERTAIN ASSIGNMENTS VOID.  If an insurance policy, annuity contract, or annuity or benefit plan described by Section 1108.051 prohibits a beneficiary from assigning or commuting benefits to be provided or other rights under the policy, contract, or plan, an assignment or commutation or attempted assignment or commutation of the benefits or rights by the beneficiary is void.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1109.001 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1109 - Unclaimed Life Insurance and Annuity Contract Proceeds|Subchapter A. General Provisions|Section 1109.001. Applicability of Chapter

Sec. 1109.001.  APPLICABILITY OF CHAPTER.  (a)  This chapter applies to proceeds held and owing by a life insurance company engaged in the business of insurance in this state if:(1)  the last known address, according to the company's records, of the person entitled to the proceeds is located in this state;  and(2)  the proceeds have been unclaimed and unpaid for at least three years after the date, according to the company's records, that the proceeds became due and payable under a life or endowment insurance policy or annuity contract that has matured or terminated.(b)  If a person other than the insured or annuitant is entitled to the proceeds and that person's address is not known to the company or if the identity of the person entitled to the proceeds is not certain from the company's records, it is presumed that the last known address of the person entitled to the proceeds is the same as the last known address of the insured or annuitant according to the company's records.(c)  For purposes of Subsection (a), a life insurance policy not matured by proof of the death of the insured is considered to be matured and the proceeds of the policy are considered to be due and payable only if the policy is in force at the time the insured attained the limiting age under the mortality table on which the reserve is based.(d)  An annuity or other obligation, the payment of which is conditioned on the continued life of any individual, is not considered due and payable for purposes of Subsection (a) without proof that the individual was alive at the time or times required by the contract.(e)  Proceeds otherwise admittedly due and payable under a life or endowment insurance policy or annuity contract that has matured or terminated are considered to be held and owing even if the policy or contract has not been surrendered as required.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1109.002 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1109 - Unclaimed Life Insurance and Annuity Contract Proceeds|Subchapter A. General Provisions|Section 1109.002. Administration and Enforcement; Rules

Sec. 1109.002.  ADMINISTRATION AND ENFORCEMENT;  RULES.  (a)  This chapter shall be enforced in the manner provided for enforcement of Chapter 74, Property Code, under Subchapter H of that chapter.(b)  The comptroller may adopt rules necessary to administer this chapter.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1109.003 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1109 - Unclaimed Life Insurance and Annuity Contract Proceeds|Subchapter A. General Provisions|Section 1109.003. Appropriations to Administer Chapter

Sec. 1109.003.  APPROPRIATIONS TO ADMINISTER CHAPTER.  To enforce and administer this chapter, the legislature may appropriate unclaimed money received under Chapter 74, Property Code, or under any other statute requiring the delivery of unclaimed property to the comptroller.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1109.010 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1109 - Unclaimed Life Insurance and Annuity Contract Proceeds|Subchapter A. -1. Death Master File Search; Identification of Unclaimed Proceeds|Section 1109.010. Definitions

Sec. 1109.010.  DEFINITIONS.  In this subchapter:(1)  "Annuity contract" means an annuity contract issued in this state.  The term does not include an annuity used to fund an employment-based retirement plan or program for which the insurer:(A)  does not perform the recordkeeping services; or(B)  is not committed by the terms of the annuity contract to pay death benefits to the beneficiaries of specific plan participants.(2)  "Death Master File" means:(A)  the United States Social Security Administration's Death Master File; or(B)  any other database or service that is at least as comprehensive as the United States Social Security Administration's Death Master File for determining whether a person is dead.(3)  "Death Master File match" means a match of the social security number or the name and date of birth of an insured or retained asset account holder resulting from a search of the Death Master File.(4)  "Life insurance policy" means a policy or certificate of life insurance issued in this state that provides a death benefit.  The term does not include:(A)  a policy or certificate of life insurance that provides a death benefit under an employee benefit plan that is:(i)  subject to the Employee Retirement Income Security Act of 1974 (29 U.S.C. Section 1001 et seq.); or(ii)  under any federal employee benefit program;(B)  a policy or certificate of life insurance that is used to fund a pre-need funeral contract or prearrangement;(C)  a policy or certificate of credit life or accidental death insurance; or(D)  a policy issued to a group master policyholder for which the insurer does not provide recordkeeping services.(5)  "Recordkeeping services" means services provided by an insurer, under an agreement with a group policy or contract holder, to obtain, maintain, and administer in the insurer's or the insurer's agents' systems the following information about each individual insured under the group policy or contract or a line of coverage under that policy or contract:(A)  the social security number or name and date of birth of the insured;(B)  beneficiary designation information;(C)  coverage eligibility;(D)  benefit amount; and(E)  premium payment status.(6)  "Retained asset account" means a mechanism by which the proceeds payable under a life insurance policy or annuity contract are settled by the insurer or an entity acting on behalf of the insurer by depositing the proceeds into an account with check or draft writing privileges, where those proceeds are retained by the insurer or the insurer's agent, under a supplementary contract not involving annuity contract benefits other than death benefits.|Added by Acts 2017, 85th Leg., R.S., Ch. 42 (S.B. 561), Sec. 1, eff. September 1, 2017.|
TX Ins Code § 1109.011 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1109 - Unclaimed Life Insurance and Annuity Contract Proceeds|Subchapter A. -1. Death Master File Search; Identification of Unclaimed Proceeds|Section 1109.011. Identification of Death Master File Matches

Sec. 1109.011.  IDENTIFICATION OF DEATH MASTER FILE MATCHES.  (a)  An insurer shall compare its in-force life insurance policies, annuity contracts, and retained asset accounts against a Death Master File at least semiannually to identify potential Death Master File matches.  The insurer shall perform the first comparison of a policy, contract, or account against a full Death Master File and thereafter against Death Master File update files to identify potential Death Master File matches.(b)  An insurer shall first conduct the comparison required by Subsection (a) electronically to the extent the insurer's records are available in electronic format, and then use the most easily accessible insurer records for any records that are not available electronically.(c)  Each subsequent comparison made under this section shall include all in-force life insurance policies, annuity contracts, and retained asset accounts and any policies, contracts, or accounts that have lapsed since the previous comparison.(d)  An insurer shall implement procedures for conducting comparisons under this section to account for:(1)  common nicknames, initials used in lieu of a first or middle name, use of a middle name, compound first and middle names, and interchanged first and middle names;(2)  compound last names, maiden or married names, and hyphens, blank spaces, or apostrophes in last names;(3)  transposition of the month and date portions of the date of birth; and(4)  an incomplete social security number.|Added by Acts 2017, 85th Leg., R.S., Ch. 42 (S.B. 561), Sec. 1, eff. September 1, 2017.|
TX Ins Code § 1109.012 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1109 - Unclaimed Life Insurance and Annuity Contract Proceeds|Subchapter A. -1. Death Master File Search; Identification of Unclaimed Proceeds|Section 1109.012. Duties Regarding Death Master File Match

Sec. 1109.012.  DUTIES REGARDING DEATH MASTER FILE MATCH.  (a)  For each Death Master File match, the insurer shall, not later than the 90th day after the date the insurer identifies the match:(1)  complete a documented good faith effort to confirm the death of the insured or retained asset account holder against other available records and information;(2)  review the insurer's records to determine whether the deceased individual had purchased or was otherwise covered by any of the insurer's other products; and(3)  determine whether proceeds may be due in accordance with the applicable policy or contract or terms governing the applicable account.(b)  For group life insurance or a group annuity contract, an insurer is required to confirm the possible death of an insured or retained asset account holder under this section only if the insurer provides recordkeeping services for the group policy or group annuity contract.(c)  If the insurer determines under Subsection (a)(3) that proceeds may be due and a beneficiary or other authorized representative has not communicated with the insurer on or before the 90th day after the date the insurer identifies a Death Master File match, the insurer shall:(1)  complete a documented good faith effort to locate and contact each beneficiary or other authorized representative on the relevant policy, contract, or account; and(2)  provide to the beneficiary or authorized representative the appropriate claim forms, instructions, or information to make a claim, including information about any need to provide an official death certificate or show proof of death under the applicable policy or contract or terms governing the applicable account.(d)  If an insurer is unable to confirm the death of an insured or retained asset account holder after the insurer identifies a Death Master File match, the insurer may consider the relevant policy, contract, or account to remain in force according to its terms.(e)  To the extent permitted by law, the insurer may disclose minimum necessary personal information about the insured, retained asset account holder, or beneficiary to a person the insurer reasonably believes may be able to assist the insurer in locating a person entitled to payment of the claim proceeds.(f)  An insurer or the insurer's service provider may not charge an insured, retained asset account holder, beneficiary, or authorized representative any fees or costs associated with conducting a Death Master File comparison under this subchapter or verifying a Death Master File match under this subchapter.|Added by Acts 2017, 85th Leg., R.S., Ch. 42 (S.B. 561), Sec. 1, eff. September 1, 2017.|
TX Ins Code § 1109.013 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1109 - Unclaimed Life Insurance and Annuity Contract Proceeds|Subchapter A. -1. Death Master File Search; Identification of Unclaimed Proceeds|Section 1109.013. Presumption of Unclaimed Proceeds; Report and Delivery of Proceeds

Sec. 1109.013.  PRESUMPTION OF UNCLAIMED PROCEEDS; REPORT AND DELIVERY OF PROCEEDS.  (a)  The proceeds of a life insurance policy, annuity contract, or retained asset account, and any accrued contractual interest, are first payable to each designated beneficiary or owner as provided by the applicable policy or contract or terms governing the applicable account.(b)  If a Death Master File match is confirmed, the proceeds of the relevant policy, contract, or account are considered unclaimed proceeds for purposes of this chapter on the third anniversary of the date on which, according to the insurer's records, the insurer completed a good faith effort as required by Section 1109.012(c) that failed to locate a beneficiary or authorized representative if the proceeds remain unpaid and no beneficiary or authorized representative has submitted a claim for the proceeds to the insurer before that date.(c)  An insurer shall report and deliver unclaimed proceeds to the comptroller as required by Chapter 74, Property Code.(d)  Repealed by Acts 2021, 87th Leg., R.S., Ch. 52 (H.B. 1514), Sec. 18(1), eff. May 18, 2021.(e)  For purposes of this section, unclaimed proceeds do not include any statutory interest under Section 1103.104.|Added by Acts 2017, 85th Leg., R.S., Ch. 42 (S.B. 561), Sec. 1, eff. September 1, 2017.Amended by: Acts 2021, 87th Leg., R.S., Ch. 52 (H.B. 1514), Sec. 2, eff. May 18, 2021.Acts 2021, 87th Leg., R.S., Ch. 52 (H.B. 1514), Sec. 18(1), eff. May 18, 2021.|
TX Ins Code § 1109.014 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1109 - Unclaimed Life Insurance and Annuity Contract Proceeds|Subchapter A. -1. Death Master File Search; Identification of Unclaimed Proceeds|Section 1109.014. Rulemaking Authority

Sec. 1109.014.  RULEMAKING AUTHORITY.  The commissioner may adopt rules to implement this subchapter.|Added by Acts 2017, 85th Leg., R.S., Ch. 42 (S.B. 561), Sec. 1, eff. September 1, 2017.|
TX Ins Code § 1109.015 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1109 - Unclaimed Life Insurance and Annuity Contract Proceeds|Subchapter A. -1. Death Master File Search; Identification of Unclaimed Proceeds|Section 1109.015. Authority to Issue Certain Orders

Sec. 1109.015.  AUTHORITY TO ISSUE CERTAIN ORDERS.  The commissioner may issue an order:(1)  limiting the Death Master File comparisons required by this subchapter to only those files the insurer maintains in searchable electronic format or approving a plan and timeline for an insurer to convert the insurer's files to searchable electronic format;(2)  exempting an insurer from the Death Master File comparisons required by this subchapter or permitting an insurer to perform the comparisons less frequently than required by this subchapter on a showing of hardship to the insurer; or(3)  permitting an insurer to phase in compliance with this subchapter according to a plan and timeline approved by the commissioner.|Added by Acts 2017, 85th Leg., R.S., Ch. 42 (S.B. 561), Sec. 1, eff. September 1, 2017.|
TX Ins Code § 1109.016 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1109 - Unclaimed Life Insurance and Annuity Contract Proceeds|Subchapter A. -1. Death Master File Search; Identification of Unclaimed Proceeds|Section 1109.016. Authority to Request Death Certificate

Sec. 1109.016.  AUTHORITY TO REQUEST DEATH CERTIFICATE.  Nothing in this subchapter limits an insurer's right to request a death certificate as part of a claim validation process.|Added by Acts 2017, 85th Leg., R.S., Ch. 42 (S.B. 561), Sec. 1, eff. September 1, 2017.|
TX Ins Code § 1111.051 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1111 - Accelerated Term Life Insurance Benefits|Subchapter B. Accelerated Term Life Insurance Benefits|Section 1111.051. Definitions

Sec. 1111.051.  DEFINITIONS.  In this subchapter:(1)  "Accelerated benefit" means a benefit paid to an insured instead of a portion of a death benefit.(2)  "Death benefit" means a benefit payable to a beneficiary on the death of an insured.(3)  "Long-term care illness" means an illness or physical condition that results in the inability to perform the activities of daily life or the substantial and material duties of any occupation.(4)  "Terminal illness" means an illness or physical condition, including a physical injury, that can reasonably be expected to result in death within not more than two years.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1111.052 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1111 - Accelerated Term Life Insurance Benefits|Subchapter B. Accelerated Term Life Insurance Benefits|Section 1111.052. Authority to Pay Accelerated Term Life Benefits

Sec. 1111.052.  AUTHORITY TO PAY ACCELERATED TERM LIFE BENEFITS.  An insurer may pay an accelerated benefit under an individual or group term life insurance policy or certificate if:(1)  the insurer has received a written medical opinion, satisfactory to the insurer, that the insured has:(A)  a terminal illness;(B)  a long-term care illness;  or(C)  an illness or physical condition that is likely to cause permanent disability or premature death, including:(i)  acquired immune deficiency syndrome (AIDS);(ii)  a malignant tumor;(iii)  a condition that requires an organ transplant;  or(iv)  a coronary artery disease that results in acute infarction or requires surgery;  and(2)  the amount of the accelerated benefit is deducted from:(A)  the amount of the death benefit payable under the policy or certificate;  and(B)  any amount the insured would otherwise be entitled to convert to an individual contract.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.  Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.302, eff. Sept. 1, 2003.|
TX Ins Code § 1111.053 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1111 - Accelerated Term Life Insurance Benefits|Subchapter B. Accelerated Term Life Insurance Benefits|Section 1111.053. Rules

Sec. 1111.053.  RULES.  The commissioner may adopt rules to implement this subchapter.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.|
TX Ins Code § 1114.001 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1114 - Replacement of Certain Life Insurance Policies and Annuities|Subchapter A. General Provisions|Section 1114.001. Purpose

Sec. 1114.001.  PURPOSE.  The purpose of this chapter is to:(1)  regulate the activities of insurers and agents with respect to the replacement of existing life insurance and annuities;(2)  protect the interests of purchasers of life insurance or annuities by establishing minimum standards of conduct to be observed in replacement or financed purchase transactions;(3)  ensure that purchasers receive information with which a decision in the purchaser's best interest may be made;(4)  reduce the opportunity for misrepresentation and incomplete disclosure; and(5)  establish penalties for failure to comply with the requirements adopted under this chapter.|Added by Acts 2007, 80th Leg., R.S., Ch. 904 (H.B. 2762), Sec. 1, eff. September 1, 2007.|
TX Ins Code § 1114.002 (2021)
2021 Texas Statutes|Insurance Code|Title 7 - Life Insurance and Annuities|Subtitle A - Life Insurance in General|Chapter 1114 - Replacement of Certain Life Insurance Policies and Annuities|Subchapter A. General Provisions|Section 1114.002. General Definitions

Sec. 1114.002.  GENERAL DEFINITIONS.  In this chapter:(1)  "Agent" means an individual who holds a license  under Chapter 4054 and who sells, solicits, or negotiates life insurance or annuities in this state.(2)  "Direct-response solicitation" means a solicitation made:(A)  by a sponsoring or endorsing entity or individually; and(B)  solely through mails, telephone, the Internet, or other mass communication media.(3)  "Existing insurer" means the insurer, the policy or contract of which is or will be changed or affected by a replacement.(4)  "Existing policy or contract" means an individual life insurance policy or annuity contract that is in force, including a policy under a binding or conditional receipt or a policy or contract that is within an unconditional refund period.(5)  "Financed purchase" means the purchase of a new policy that involves the actual or intended use of funds to pay all or part of any premium due on the new policy obtained by:(A)  the withdrawal or surrender of an existing policy; or(B)  borrowing from values of an existing policy.(6)  "Illustration" means a presentation or depiction that includes nonguaranteed elements of a life insurance policy over a period of years.(7)  "Registered contract" means a variable annuity contract or variable life insurance policy subject to the prospectus delivery requirements of the Securities Act of 1933 (15 U.S.C. Section 77a et seq.).(8)  "Replacement" means a transaction under which a new policy or contract is to be purchased, and for which it is known or should be known to the proposing agent or proposing insurer that, by reason of the transaction, an existing policy or contract has been or is to be:(A)  lapsed, forfeited, surrendered or partially surrendered, assigned to a replacing insurer, or otherwise terminated;(B)  converted to reduced paid-up insurance, continued as extended term insurance, or otherwise reduced in value by the use of nonforfeiture benefits or other policy values;(C)  amended so as to effect a reduction in benefits or in the term for which coverage would otherwise remain in force or for which benefits would be paid;(D)  reissued with any reduction in cash value; or(E)  used in a financed purchase.(9)  "Replacing insurer" means the insurer that issues or proposes to issue a new policy or contract that:(A)  replaces an existing policy or contract; or(B)  is a financed purchase.(10)  "Sales material" means a sales illustration and any other written, printed, or electronically presented information:(A)  created or completed or provided by the insurer or agent; and(B)  used in the presentation to the policy or contract owner relating to the policy or contract purchased.|Added by Acts 2007, 80th Leg., R.S., Ch. 904 (H.B. 2762), Sec. 1, eff. September 1, 2007.|