Texas Insurance Code Title 7, Chapter 1110 - Interest Rates On Certain Policy Loans

• Texas Section 1110.001 - Definitions
  In this chapter: (1) "Life insurance policy" includes: (A) a benefit certificate issued by a fraternal benefit society; or (B) an annuity contract that provides...
• Texas Section 1110.002 - Applicability Of Chapter
  This chapter applies only to a life insurance policy issued on or after August 31, 1981. Added by Acts 2001, 77th Leg., ch. 1419, Sec....
• Texas Section 1110.003 - Applicability Of Other Law
  A law not included in this chapter applies to interest rates on policy loans only if that law is made specifically applicable to those rates....
• Texas Section 1110.004 - Maximum Interest Rate On Policy Loans
  (a) In this section, "published monthly average" means: (1) Moody's Corporate Bond Yield Average--Monthly Average Corporates as published by Moody's Investors Service, Inc., or a...
• Texas Section 1110.005 - Frequency Of Adjustable Interest Rate Determination
  A life insurer shall determine the adjustable interest rate under Section 1110.004(b)(2) at regular intervals at least once every 12 months but not more frequently...
• Texas Section 1110.006 - Information To Be Included In Policy
  (a) A life insurance policy must include the substance of the provisions of Section 1110.004(b) that are applicable to the policy. (b) A life insurance...
• Texas Section 1110.007 - Notice To Policyholder
  (a) In this section, "policyholder" includes the owner of a life insurance policy or the person designated to pay premiums as shown on the records...
• Texas Section 1110.008 - Loan Value Of Policy; Termination Of Policy Based On Change In Interest Rate
  (a) The loan value of a life insurance policy shall be determined in accordance with Section 1101.009. (b) A life insurance policy may not be...

Last modified: September 28, 2016