Texas § IN.1151.102 - PROHIBITED PROVISIONS
Full text of Texas The Texas Constitution § IN.1151.102 — PROHIBITED PROVISIONS, with citation guidance and answers to common questions.
§ IN.1151.102. PROHIBITED PROVISIONS
PROHIBITED PROVISIONS. (a) An industrial life insurance policy may not: (1) require a cause of action based on the policy to be initiated before the second anniversary of the date the cause of action accrues; or (2) except as otherwise provided by this subchapter, establish a method of settlement at maturity that provides less value than the face amount of insurance coverage provided by the policy and any dividend additions to the policy, less: (A) any debt owed to the insurer on the policy; and (B) any premium that may be deducted under the terms of the policy. (b) Subsection (a)(2) does not prevent a limitation from being imposed on payment of an additional accidental death benefit in case of accidental death resulting from certain specified causes. (c) A nonparticipating or term policy may not incorporate any part of a provision described by Subchapter B or Section 1151.152 that does not apply to that type of policy. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. SUBCHAPTER D. RIGHTS OF INSURED UNDER CERTAIN OLDER POLICIES
Frequently Asked Questions About Texas § IN.1151.102
What does The Texas Constitution § IN.1151.102 cover?
Section IN.1151.102 ("PROHIBITED PROVISIONS") 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.1151.102?
A common citation format is "The Texas Constitution § IN.1151.102" (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.1151.102 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.