Insurance Code § 1105.009
If a premium is not paid on a policy anniversary, any paid-up nonforfeiture benefit must have a present value at least equal to the applicable cash surrender value.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
nonforfeiture benefits policy benefits premium default
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Insurance Code § 1105.009
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