Texas Insurance Code Title 7, Chapter 1102 - Payment Of Insurance Benefits In Currency

• Texas Section 1102.001 - Definitions
  In this chapter: (1) "Insurance policy" means a policy, certificate, or contract of: (A) life, term, or endowment insurance, including an annuity or pure endowment...
• Texas Section 1102.002 - Benefits Payable In Currency
  Each benefit payable under an insurance policy delivered, issued, or used in this state by an insurer shall be payable in currency. Added by Acts...
• Texas Section 1102.003 - Statement Regarding Value Of Foreign Currency
  (a) An insurance policy described by Section 1102.002 providing that benefits are payable in foreign currency must include a conspicuous statement that the value of...
• Texas Section 1102.004 - Previously Approved Insurance Policy Form Payable In Foreign Currency
  (a) The commissioner may disapprove or withdraw approval of a previously approved insurance policy form that provides benefits payable in foreign currency if the commissioner...
• Texas Section 1102.005 - Rules
  The commissioner may adopt reasonable rules to accomplish the purposes of this chapter, including rules requiring: (1) appropriate reserves for insurance policies subject to this...

Last modified: September 28, 2016