1105.101 – NONFORFEITURE BENEFITS FOR INDETERMINATE PREMIUM
Texas Insurance Code § 1105.101
Summary
This law outlines the nonforfeiture benefits for life insurance plans with indeterminate premiums. It ensures that policyholders receive certain benefits even if the premium amounts are not fixed, protecting consumers from losing their investment in such insurance policies.
Applies to life insurance with indeterminate premium plans.
Protects consumers from losing their insurance investment.
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In simple terms: Learn about Texas's NONFORFEITURE BENEFITS FOR INDETERMINATE PREMIUM 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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