Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 4 - LIFE AND ANNUITY
Subchapter K - STANDARDS FOR ACCELERATION-OF-LIFE-INSURANCE BENEFITS FOR INDIVIDUAL AND GROUP POLICIES AND RIDERS
Section 4.1108 - Pro Rata Reduction of Loan upon Acceleration of Benefits
Universal Citation: 28 TX Admin Code § 4.1108
Current through Reg. 50, No. 13; March 28, 2025
Unless the insurer is using the lien method for determining benefits under § 4.1106(3) of this title (relating to Methods for Determining Benefits and Allowable Charges and Fees), if there is a loan on the life insurance contract, the insurer may deduct up to a pro rata portion of the loan from the amount of the acceleration-of-life-insurance benefit.
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