Texas Insurance Code Title 7, Chapter 1105 - Standard Nonforfeiture Law For Life Insurance

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 1105.001 - Short Title
  This chapter may be cited as the Standard Nonforfeiture Law for Life Insurance. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June...
• Texas Section 1105.0015 - Definition
  In this chapter, "operative date of the valuation manual" means the date, if any, on which the valuation manual described by Subchapter B, Chapter 425...
• Texas Section 1105.002 - Applicability Of Chapter
  (a) This chapter applies to a policy issued by a company on or after January 1, 1974. (b) This chapter also applies to a policy...
• Texas Section 1105.003 - Exemptions
  (a) This chapter does not apply to: (1) reinsurance; (2) group insurance; (3) pure endowment; (4) an annuity or reversionary annuity contract; (5) a term...
• Texas Section 1105.004 - Required Nonforfeiture Provisions
  (a) A life insurance policy delivered or issued for delivery in this state must contain in substance the provisions prescribed by Subsections (b), (c), and...
• Texas Section 1105.005 - Computation Of Adjusted Premiums And Present Values; Mortality Tables And Interest Rates
  (a) Except as provided by Subsection (b) or (e) or Section 1105.055, 1105.152, or 1105.153, an adjusted premium or present value determined under this chapter...
• Texas Section 1105.006 - Determination Of Rated Age
  For purposes of this chapter, the date a policy is issued is the date as of which the rated age of the insured is determined....
• Texas Section 1105.007 - Computation Of Cash Surrender Value Following Default
  (a) Any cash surrender value available under a policy on a default in payment of a premium due on a policy anniversary, regardless of whether...
• Texas Section 1105.008 - Computation Of Cash Surrender Value On Surrender Following Policy Anniversary
  Any cash surrender value available not later than the 30th day after the date of a policy anniversary under a policy paid up by completion...
• Texas Section 1105.009 - Computation Of Paid-up Nonforfeiture Benefits
  Any paid-up nonforfeiture benefit available under the policy on default in the payment of a premium due on a policy anniversary must be such that...
• Texas Section 1105.010 - Proration Of Values; Net Value Of Paid-up Additions
  (a) Any cash surrender value and any paid-up nonforfeiture benefit available under a policy on default in the payment of a premium due at any...
• Texas Section 1105.011 - Inclusion Of Certain Additional Benefits In Computing Nonforfeiture Benefits Not Required
  (a) Notwithstanding Section 1105.007 or 1105.008, additional benefits described by Subsection (b), and premiums for those benefits, may not be included in computing a cash...

SUBCHAPTER B COMPUTATION OF ADJUSTED PREMIUMS USING NONFORFEITURE NET LEVEL PREMIUM METHOD

• Texas Section 1105.012 - Progression Of Cash Surrender Values
  (a) This section applies only to a policy issued on or after January 1, 1985. (b) Any cash surrender value available under a policy to...
• Texas Section 1105.051 - Applicability Of Subchapter
  (a) This subchapter applies to a policy issued on or after January 1, 1989. (b) This subchapter also applies to a policy issued by a...
• Texas Section 1105.052 - Computation Of Adjusted Premiums Using Nonforfeiture Net Level Premium Method
  (a) Except as provided by Section 1105.054 and subject to Subsection (b), the adjusted premiums for a policy to which this section applies must be...
• Texas Section 1105.053 - Computation Of Amounts For Policy With Changing Benefits Or Premiums
  (a) This section applies only to a policy that: (1) causes, on a basis guaranteed by the policy, unscheduled changes in benefits or premiums; or...
• Texas Section 1105.054 - Computation Of Amounts For Policy Issued On Substandard Basis
  (a) This section applies only to a policy issued on a substandard basis that provides reduced graded amounts of insurance so that, in each policy...
• Texas Section 1105.055 - Use Of Mortality Tables And Interest Rates With Nonforfeiture Net Level Premium Method
  (a) Subject to Subsections (c)-(i), an adjusted premium or present value computed under this subchapter must be computed: (1) for a policy of ordinary insurance:...
• Texas Section 1105.056 - Nonforfeiture Interest Rate
  (a) For a policy issued before the operative date of the valuation manual, the annual nonforfeiture interest rate for a policy issued in a particular...

SUBCHAPTER C NONFORFEITURE BENEFITS FOR CERTAIN PLANS

• Texas Section 1105.057 - Refiling Of Policy Provisions Not Required
  Notwithstanding any provision of this code to the contrary, as to a policy to which this subchapter applies, a refiling of nonforfeiture values or of...

SUBCHAPTER D COMPUTATION OF ADJUSTED PREMIUMS FOR CERTAIN POLICIES

• Texas Section 1105.101 - Nonforfeiture Benefits For Indeterminate Premium Plans And Certain Other Plans
  (a) This section applies to a plan of life insurance that: (1) provides for future premium determination, the amounts of which are to be determined...
• Texas Section 1105.151 - Computation Of Adjusted Premiums For Certain Policies Issued Before January 1, 1989
  (a) This section applies only to a policy issued before January 1, 1989, to which Subchapter B does not apply. (b) The adjusted premiums for...
• Texas Section 1105.152 - Computation Of Adjusted Premiums For Certain Ordinary Policies Issued Before January 1, 1989
  (a) Except as provided by Subsection (b), this section applies only to an ordinary policy to which Subchapter B does not apply and that is...
• Texas Section 1105.153 - Computation Of Adjusted Premiums For Certain Industrial Policies Issued Before January 1, 1989
  (a) Except as provided by Subsection (b), this section applies only to an industrial policy to which Subchapter B does not apply and that is...

Last modified: September 28, 2016