1110.006 – INFORMATION TO BE INCLUDED IN POLICY. (a) A
Texas Insurance Code § 1110.006
Summary
This law mandates that life insurance policies include specific information regarding their provisions, particularly those related to adjustable interest rates. It ensures that policyholders are informed about how often the interest rate will be determined, enhancing transparency and understanding of the policy terms.
Life insurance policies must disclose key provisions from Section 1110.004(b).
Policies with adjustable interest rates must specify rate determination frequency.
Enhances transparency for policyholders regarding interest rate terms.
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In simple terms: Learn about Texas's INFORMATION TO BE INCLUDED IN POLICY. (a) A 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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