1110.008 – LOAN VALUE OF POLICY; TERMINATION OF POLICY
Texas Insurance Code § 1110.008
Summary
This section outlines how the loan value of a life insurance policy is calculated and addresses policy termination due to interest rate changes. It affects policyholders and insurance providers by establishing clear guidelines for loan values and termination conditions.
Defines loan value calculation for life insurance policies.
Addresses policy termination linked to interest rate changes.
Affects both policyholders and insurance companies.
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In simple terms: Learn about Texas's LOAN VALUE OF POLICY; TERMINATION OF POLICY 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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