Texas § IN.1101.011 - TIME FOR SETTLEMENT OF CLAIM
Full text of Texas The Texas Constitution § IN.1101.011 — TIME FOR SETTLEMENT OF CLAIM, with citation guidance and answers to common questions.
§ IN.1101.011. TIME FOR SETTLEMENT OF CLAIM
TIME FOR SETTLEMENT OF CLAIM. (a) Except as provided by Subsection (b), a life insurance policy must provide that settlement under the policy after the death of the insured will be made not later than two months after the date of receipt of proof of: (1) the death; and (2) the right of the claimant to the proceeds of the policy. (b) A private placement contract issued under Section 1152.110 may provide that: (1) settlement of that portion of the contract attributable to separate account assets is subject to the liquidity of those assets; and (2) the portion of the contract described by Subdivision (1) must be settled by the insurer when the separate account assets are converted to cash under any applicable terms, which may be a period longer than the two-month period described by Subsection (a). Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. Amended by: Acts 2007, 80th Leg., R.S., Ch. 737 (H.B. 2765 ), Sec. 2, eff. September 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.1101.011
What does The Texas Constitution § IN.1101.011 cover?
Section IN.1101.011 ("TIME FOR SETTLEMENT OF CLAIM") 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.1101.011?
A common citation format is "The Texas Constitution § IN.1101.011" (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.1101.011 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.