1105.057 – REFILING OF POLICY PROVISIONS NOT REQUIRED.
Texas Insurance Code § 1105.057
Summary
This law allows insurers to change the interest rate or mortality tables used for nonforfeiture values without needing to refile the entire policy form. It streamlines the process for approved policy forms, benefiting both insurers and policyholders by reducing administrative burdens.
No refiling needed for certain nonforfeiture value changes.
Applies only to previously approved policy forms.
Changes are limited to interest rates or mortality tables.
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In simple terms: Learn about Texas's REFILING OF POLICY PROVISIONS NOT REQUIRED. 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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