1151.062 – EXCEPTION FOR POLICIES ISSUED OR GRANTED UNDER
Texas Insurance Code § 1151.062
Summary
This law states that certain insurance policies that include nonforfeiture provisions are exempt from the regulations outlined in this subchapter. It primarily affects insurers and policyholders involved with such policies, ensuring they are not subject to specific requirements that apply to other types of insurance policies.
Exempts specific policies from subchapter regulations.
Applies to policies with nonforfeiture provisions.
Affects insurers and policyholders of these policies.
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In simple terms: Learn about Texas's EXCEPTION FOR POLICIES ISSUED OR GRANTED UNDER 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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