Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 28. INSURANCE |
PART 1. TEXAS DEPARTMENT OF INSURANCE |
CHAPTER 4. LIFE AND ANNUITY |
SUBCHAPTER K. STANDARDS FOR ACCELERATION-OF-LIFE-INSURANCE BENEFITS FOR INDIVIDUAL AND GROUP POLICIES AND RIDERS |
SECTION 4.1109. Effect of Acceleration of Benefits on Nonforfeiture Calculations
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An acceleration-of-life-insurance benefit provision or rider must be disregarded in ascertaining nonforfeiture benefits under Insurance Code Chapter 1105, concerning Standard Nonforfeiture Law for Life Insurance.
Source Note: The provisions of this §4.1109 adopted to be effective March 1, 1998, 23 TexReg 1585; transferred effective April 16, 1999, 24 TexReg 3092; amended to be effective June 23, 2008, 33 TexReg 4884; transferred effective September 1, 2023, as published in the July 28, 2023, issue of the Texas Register, 48 TexReg 4127; amended to be effective January 24, 2024, 49 TexReg 250