Life Insurance Requirements

Dallas life insurance lawyers know provisions that must be included in life insurance policies. The Texas Insurance Code, Section 1101.003(a), states that an insurance policies must contain several prescribed provisions.  Pursuant to Section 1101.002(b), a single premium life insurance policy is not required to contain a provision under this sub-chapter to the extent that the provision is not applicable to a single premium insurance policy.  Otherwise, these required provisions generally include but are not limited to:  Pursuant to Section 1101.003, a life insurance policy must provide that the policy and the application for the policy constitute the entire contract between the parties. Continue reading

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