1101.012 – TABLE OF INSTALLMENTS OF PROCEEDS. A life
Texas Insurance Code § 1101.012
Summary
This law requires life insurance policies that offer installment payments to include a table detailing the installment amounts. It ensures transparency for policyholders regarding the payment structure of their benefits.
Mandates a table of installment amounts in life insurance policies.
Applies to all life insurance policies with installment payment options.
Enhances clarity and understanding for policyholders.
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In simple terms: Learn about Texas's TABLE OF INSTALLMENTS OF PROCEEDS. A life 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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