1151.153 – COMPUTATION OF NET VALUE OF STIPULATED FORM OF
Texas Insurance Code § 1151.153
Summary
This law establishes the minimum net value for stipulated insurance forms or cash surrender values, ensuring they are not less than the policy reserve at the end of the last quarter. It affects insurance companies and policyholders by regulating the minimum value that can be claimed or surrendered.
Sets minimum net value for stipulated insurance forms.
Value cannot be less than policy reserve at quarter's end.
Limits deductions to 2.5% of maximum insured amount.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's COMPUTATION OF NET VALUE OF STIPULATED FORM OF law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.