 |
Texas Administrative Code (Last Updated: March 27,2024) |
 |
TITLE 28. INSURANCE |
|
|
PART 1. TEXAS DEPARTMENT OF INSURANCE |
|
|
CHAPTER 4. LIFE AND ANNUITY |
| SUBCHAPTER C. CONSUMER NOTICES FOR LIFE INSURANCE POLICY AND ANNUITY CONTRACT REPLACEMENTS |
| § 4.201. Purpose |
| § 4.202. Definitions |
| § 4.203. Consumer Notice Content and Format Requirements |
| § 4.204. Consumer Notice Regarding Replacement for Insurers Using Agents |
| § 4.205. Direct Response Consumer Notices |
| § 4.206. Filing Procedures for Substantially Similar Consumer Notices |
| SUBCHAPTER F. INDIVIDUAL LIFE INSURANCE POLICY FORM CHECKLIST AND AFFIRMATIVE REQUIREMENTS |
| § 4.601. Payment of Premiums |
| § 4.602. Grace Period |
| § 4.603. Entire Contract |
| § 4.604. Incontestable Clause |
| § 4.605. Statements of the Insured |
| § 4.606. Misstatement of Age |
| § 4.607. Policy Loans |
| § 4.608. Automatic Nonforfeiture Benefits |
| § 4.609. Automatic Premium Loans |
| § 4.610. Cash Value |
| § 4.611. Reinstatement |
| § 4.612. Payment of Claims |
| § 4.613. Family Group Special Requirements |
| § 4.614. Dependent Child Riders and Family Term Riders |
| § 4.615. Requirements for a Package Consisting of a Deferred Life Policy with an Accidental Death Rider Attached |
| § 4.616. Substitute or Change of Insured Riders |
| § 4.617. Preliminary Term Life Insurance |
| § 4.618. Conversion Provision |
| § 4.619. Limitations of Lawsuits |
| § 4.620. Backdating Policies |
| § 4.621. Settlement at Maturity |
| § 4.622. Tontine Provisions |
| § 4.623. Assignment Provisions |
| § 4.624. Provisions Relating to Dividends, Coupon Benefits, or Other Guaranteed Returns |
| § 4.625. Premiums Paid in Advance |
| § 4.626. Annuity Contracts |
| § 4.627. Certain Prohibited Provisions |
| § 4.628. Renewal Premium on Term Policies |
| SUBCHAPTER J. INDETERMINATE PREMIUM REDUCTION POLICIES |
| § 4.1001. Purpose and Scope |
| § 4.1002. Policy Form Submission |
| § 4.1003. Solicitation and Advertising |
| § 4.1004. Summary of Provisions |
| § 4.1005. Relation of Initial to Later Premium Charge |
| § 4.1006. Premium Redetermination |
| § 4.1007. Reclassification of Policyholders |
| § 4.1008. Minimum Nonforfeiture Values |
| § 4.1010. Artificial Maximum Premiums Prohibited |
| § 4.1011. General Enforcement |
| SUBCHAPTER K. STANDARDS FOR ACCELERATION-OF-LIFE-INSURANCE BENEFITS FOR INDIVIDUAL AND GROUP POLICIES AND RIDERS |
| § 4.1101. Purpose; Severability |
| § 4.1102. Acceleration-of-Life-Insurance: Scope of Benefits |
| § 4.1103. Required Policy Definitions; Evidence of Total and Permanent Disability |
| § 4.1104. Standards for Medical Diagnoses |
| § 4.1105. Termination of Benefit upon Exercise of Nonforfeiture Option |
| § 4.1106. Methods for Determining Benefits and Allowable Charges and Fees |
| § 4.1107. Limitations on Reduction of Cash Values |
| § 4.1108. Pro Rata Reduction of Loan upon Acceleration of Benefits |
| § 4.1109. Effect of Acceleration of Benefits on Nonforfeiture Calculations |
| § 4.1110. Calculation of Reserves |
| § 4.1111. Unfair, Discriminatory or Deceptive Practices Prohibited |
| § 4.1112. Notice and Disclosure Requirements for Life Insurance Contracts Containing Acceleration-of-Life-Insurance Benefits |
| § 4.1113. Notice and Disclosure Requirements for Marketing Materials |
| § 4.1114. Requirements for Acceleration-of-Life-Insurance Benefits That Fund Long-Term Care Expenses |
| § 4.1115. Requirements for Benefits Represented To Be Qualified for Favorable Federal Tax Treatment |
| § 4.1116. Disclosures Related to Tax Qualification of Benefits and Benefits' Effect on Public Assistance |
| SUBCHAPTER L. INSURANCE SOLD IN CONNECTION WITH PREPAID FUNERAL CONTRACTS |
| § 4.1201. Introduction to Joint Memorandum of Understanding |
| § 4.1202. Joint Memorandum of Understanding |
| SUBCHAPTER O. VARIABLE LIFE INSURANCE |
| § 4.1501. Purpose and Scope |
| § 4.1502. Definitions |
| § 4.1503. Qualifications of Insurer to Issue Variable Life Insurance |
| § 4.1504. Insurance Contract and Filing Requirements |
| § 4.1505. Reserve Liabilities for Variable Life Insurance |
| § 4.1506. Separate Accounts |
| § 4.1507. Information Furnished to Applicants |
| § 4.1508. Application |
| § 4.1509. Reports to Contract Holders |
| § 4.1510. Separability |
| § 4.1511. Savings Clause |
| SUBCHAPTER P. REQUIRED REINSTATEMENT RELATING TO MENTAL INCAPACITY OF THE INSURED FOR INDIVIDUAL LIFE POLICIES WITHOUT NONFORFEITURE BENEFITS |
| § 4.1601. Purpose and Scope |
| § 4.1602. Applicability |
| § 4.1603. Severability |
| § 4.1604. Definitions |
| § 4.1605. Eligibility Requirements |
| § 4.1606. Payment of Past Due Premiums |
| § 4.1607. Coverage Dates Back to Date of Lapse |
| § 4.1608. Exceptions to Reinstatement |
| § 4.1609. Notification and Disclosure Requirements |
| § 4.1610. Reinstatement Procedures |
| § 4.1611. Reduced Benefits |
| § 4.1612. Form Filing Procedures |
| § 4.1613. Notice and Disclosure Form |
| SUBCHAPTER Q. NONFORFEITURE STANDARDS FOR INDIVIDUAL LIFE INSURANCE IN EMPLOYER PENSION PLANS |
| § 4.1701. Purpose |
| § 4.1702. Definitions |
| § 4.1703. Standard |
| § 4.1704. Alternate Rule |
| § 4.1705. Unfair Discrimination |
| § 4.1706. Severability |
| § 4.1707. 2001 CSO Mortality Table |
| SUBCHAPTER U. VARIABLE ANNUITIES |
| § 4.2101. Purpose and Scope |
| § 4.2102. Definitions |
| § 4.2103. Qualifications of Insurer To Issue Variable Annuities |
| § 4.2104. Separate Accounts |
| § 4.2105. Contract Requirements |
| § 4.2106. Separability |
| SUBCHAPTER W. ANNUITY DISCLOSURES |
| DIVISION 1. ANNUITY CONTRACT DISCLOSURES |
| § 4.2301. Purpose |
| § 4.2302. Applicability and Scope |
| § 4.2303. Effective Date |
| § 4.2304. Definitions |
| § 4.2305. Determinable Elements |
| § 4.2306. Guaranteed and Non-Guaranteed Elements |
| § 4.2307. Effect on Other Law |
| § 4.2308. Required Consumer Notices |
| § 4.2309. Disclosure Document |
| § 4.2310. Buyer's Guide |
| § 4.2311. Free Look Period |
| § 4.2312. Report to Contract Owners |
| DIVISION 2. ANNUITY SUITABILITY DISCLOSURES |
| § 4.2321. Purpose |
| § 4.2322. Required Forms |
| SUBCHAPTER AA. MORTALITY TABLES |
| DIVISION 1. ANNUITY MORTALITY TABLES |
| § 4.2701. Purpose |
| § 4.2702. Definitions |
| § 4.2703. Individual Annuity or Pure Endowment Contracts |
| § 4.2704. Group Annuity or Pure Endowment Contracts |
| § 4.2705. Application of the 1994 GAR Table |
| § 4.2706. Application of the 2012 IAR Mortality Table |
| DIVISION 2. SMOKER-NONSMOKER COMPOSITE MORTALITY TABLES |
| § 4.2711. Purpose |
| § 4.2712. Definitions |
| § 4.2713. Alternate Tables |
| § 4.2714. Conditions |
| § 4.2715. Severability |
| § 4.2716. 2001 CSO Mortality Table |
| DIVISION 3. 2001 CSO MORTALITY TABLE |
| § 4.2721. Purpose |
| § 4.2722. Definitions |
| § 4.2723. 2001 CSO Mortality Table |
| § 4.2724. Conditions |
| § 4.2725. Applicability of the 2001 CSO Mortality Table to Chapter 4, Subchapter BB, Division 3 of this Title |
| § 4.2726. Gender-Blended Tables |
| DIVISION 4. PREFERRED MORTALITY TABLES |
| § 4.2731. Purpose |
| § 4.2732. Definitions |
| § 4.2733. 2001 CSO Preferred Class Structure Table |
| § 4.2734. Conditions |
| SUBCHAPTER BB. LIFE AND ANNUITY RESERVES |
| DIVISION 1. ACTUARIAL OPINION AND MEMORANDUM REGULATION |
| § 4.2801. Purpose |
| § 4.2802. Scope and Applicability |
| § 4.2803. Commissioner Discretion |
| § 4.2804. Definitions |
| § 4.2805. General Requirements |
| § 4.2806. Statement of Actuarial Opinion Based on an Asset Adequacy Analysis |
| § 4.2807. Description of Actuarial Memorandum Including an Asset Adequacy Analysis and Regulatory Asset Adequacy Issues Summary |
| § 4.2808. Asset Adequacy Analysis Exemption |
| DIVISION 2. STRENGTHENED RESERVES PURSUANT TO INSURANCE CODE §425.067 |
| § 4.2811. Strengthened Reserves Under Insurance Code §425.067 |
| DIVISION 3. VALUATION OF LIFE INSURANCE POLICIES |
| § 4.2821. Purpose |
| § 4.2822. Adoption of Tables of Select Mortality Factors |
| § 4.2823. Applicability |
| § 4.2824. Definitions |
| § 4.2825. General Calculation Requirements for Basic Reserves and Premium Deficiency Reserves |
| § 4.2826. Calculation of Minimum Valuation Standard for Policies with Guaranteed Nonlevel Gross Premiums or Guaranteed Nonlevel Benefits (Other than Universal Life Policies) |
| § 4.2828. Effective Date |
| § 4.2829. 2001 CSO Mortality Table |
| DIVISION 4. PRENEED LIFE INSURANCE MINIMUM MORTALITY STANDARDS FOR DETERMINING RESERVE LIABILITIES AND NONFORFEITURE VALUES |
| § 4.2831. Purpose and Applicability |
| § 4.2832. Definitions |
| § 4.2833. Minimum Valuation Mortality Standards |
| § 4.2834. Minimum Valuation Interest Rate Standards |
| § 4.2835. Minimum Valuation Method Standards |
| § 4.2836. Transitional Use of the 2001 CSO Mortality Table |