Texas § 1151.154 SURRENDER OF POLICY FOR SPECIFIED CASH SURRENDER VALUE.

Texas Statutes

§ 1151.154 — SURRENDER OF POLICY FOR SPECIFIED CASH SURRENDER VALUE.

Texas § 1151.154

Code INInsurance Code

This text of Texas § 1151.154 (SURRENDER OF POLICY FOR SPECIFIED CASH SURRENDER VALUE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 1151.154 (2026).

Text

Sec. 1151.154. SURRENDER OF POLICY FOR SPECIFIED CASH SURRENDER VALUE.

(a)An industrial life insurance policy issued before the date described by Section 1151.058 (2) under which the insured applies for cash surrender value must be surrendered for the specified cash surrender value to the insurer at the insurer's home office within the grace period following the due date of the defaulted premium.

(b)The insurer may defer payment for a period of not more than six months after the date of application for the specified cash surrender value.

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Sec. 1151.154. SURRENDER OF POLICY FOR SPECIFIED CASH SURRENDER VALUE. (a) An industrial life insurance policy issued before the date described by Section 1151.058 (2) under which the insured applies for cash surrender value must be surrendered for the specified cash surrender value to the insurer at the insurer's home office within the grace period following the due date of the defaulted premium.
(b) The insurer may defer payment for a period of not more than six months after the date of application for the specified cash surrender value.