{"data":{"id":"us-tx/tex.-insurance-code-1151.102","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1151.102","heading":"PROHIBITED PROVISIONS.","body":"(a) An industrial life insurance policy may not:\n(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\n(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:\n(A) any debt owed to the insurer on the policy; and\n(B) any premium that may be deducted under the terms of the policy.\n(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.\n(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.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 7. LIFE INSURANCE AND ANNUITIES","SUBTITLE C. SPECIALIZED COVERAGES","CHAPTER 1151. INDUSTRIAL LIFE INSURANCE","SUBCHAPTER C. AUTHORIZED OR PROHIBITED POLICY PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1151.htm#1151.102","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"3995b5b0a8fdd19e33360ff901acd663c841318306a51496a713437eac901ced","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1151.101","next":"us-tx/tex.-insurance-code-1151.151"},"notice":"GroundRules: Original legal text. Not legal advice."}