Texas § IN.1151.154 - SURRENDER OF POLICY FOR SPECIFIED CASH SURRENDER VALUE
Full text of Texas The Texas Constitution § IN.1151.154 — SURRENDER OF POLICY FOR SPECIFIED CASH SURRENDER VALUE, with citation guidance and answers to common questions.
§ IN.1151.154. SURRENDER OF POLICY FOR SPECIFIED CASH SURRENDER VALUE
SURRENDER OF POLICY FOR SPECIFIED CASH SURRENDER VALUE. (a) An industrial life insurance policy issued before the date described by Section 1151.058 (2) under which the insured applies for cash surrender value must be surrendered for the specified cash surrender value to the insurer at the insurer's home office within the grace period following the due date of the defaulted premium. (b) The insurer may defer payment for a period of not more than six months after the date of application for the specified cash surrender value. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.1151.154
What does The Texas Constitution § IN.1151.154 cover?
Section IN.1151.154 ("SURRENDER OF POLICY FOR SPECIFIED CASH SURRENDER VALUE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.1151.154?
A common citation format is "The Texas Constitution § IN.1151.154" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.1151.154 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.