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Texas Administrative Code (Last Updated: March 27,2024) |
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TITLE 28. INSURANCE |
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PART 1. TEXAS DEPARTMENT OF INSURANCE |
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CHAPTER 4. LIFE AND ANNUITY |
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SUBCHAPTER P. REQUIRED REINSTATEMENT RELATING TO MENTAL INCAPACITY OF THE INSURED FOR INDIVIDUAL LIFE POLICIES WITHOUT NONFORFEITURE BENEFITS |
SECTION 4.1613. Notice and Disclosure Form
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(a) If the elected method of compliance is notification to all existing policyholders as described in §4.1609(b) of this title (relating to Notification and Disclosure Requirements), the notice required by this subchapter must be provided in the following manner: (b) If the elected method of compliance is notification within 90 days following the lapse of an eligible policy as described in §4.1609(a) of this title, the notice required by this subchapter must be provided in the following manner: (c) If the elected method of compliance is incorporating the language of this section in the policy or in an endorsement, the insurer may incorporate the text of subsection (a) of this section, omitting the titles referencing "Notice" and substituting an appropriate prominent title, such as "Reinstatement Due to the Mental Incapacity of the Insured." Source Note: The provisions of this §4.1613 adopted to be effective January 10, 1996, 20 TexReg 11121; 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