1105.011 – INCLUSION OF CERTAIN ADDITIONAL BENEFITS IN
Texas Insurance Code § 1105.011
Summary
This law specifies that certain additional benefits and their premiums cannot be included when calculating cash surrender values or nonforfeiture benefits for insurance policies. It primarily affects insurance companies and policyholders regarding the valuation of benefits upon policy termination.
Excludes specific additional benefits from cash surrender calculations.
Applies to nonforfeiture benefits under certain insurance policies.
Affects how policy values are determined at termination.
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In simple terms: Learn about Texas's INCLUSION OF CERTAIN ADDITIONAL BENEFITS IN 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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