This section provides definitions for key terms used in the subchapter, including 'accelerated benefit,' 'death benefit,' 'long-term care illness,' and 'terminal illness.' These definitions are essential for understanding the insurance policies and benefits related to these terms.
Defines 'accelerated benefit' as a partial death benefit payment.
Clarifies 'death benefit' payable upon the insured's death.
Describes 'long-term care illness' and 'terminal illness' for insurance purposes.
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In simple terms: Learn about Texas's DEFINITIONS. In this subchapter: 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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