Texas Insurance Code § 1101.008 Adjustment Of Amount Payable If Age Of Insured Is Understated

Sec. 1101.008. ADJUSTMENT OF AMOUNT PAYABLE IF AGE OF INSURED IS UNDERSTATED. A life insurance policy must provide that if the age of an insured has been understated, the amount payable under the policy is the amount that the premium paid would have purchased if the insured's age had been stated correctly.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.

Section: Previous  1101.001  1101.002  1101.003  1101.004  1101.005  1101.006  1101.007  1101.008  1101.009  1101.010  1101.011  1101.012  1101.013  1101.051  1101.052  Next

Last modified: September 28, 2016