Definitions

Sec. 1110.001. DEFINITIONS. In this chapter: (1) "Life insurance policy" includes: (A) a benefit certificate issued by a fraternal benefit society; or (B) an annuity contract that provides for a policy loan. (2) "Policy loan" includes any premium loan made under a life insurance policy to pay one or more premiums not paid to the life insurer when due. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.