1101.003 – ENTIRE CONTRACT. A life insurance policy must
Texas Insurance Code § 1101.003
Summary
This law mandates that a life insurance policy must clearly state that it, along with the application, forms the complete contract between the insurer and the policyholder. This ensures that all terms and conditions are contained within these documents, preventing reliance on external statements or agreements.
Life insurance policies must include the entire contract clause.
The policy and application together constitute the complete agreement.
Prevents reliance on external agreements or representations.
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In simple terms: Learn about Texas's ENTIRE CONTRACT. A life insurance policy must law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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