Sec. 1106.003. MENTAL INCAPACITY DEFINED. In this chapter, "mental incapacity" means a lack of the ability to: (1) understand and appreciate the nature and consequences of a decision regarding the failure to pay a premium when due; and (2) reach an informed decision in the matter. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Mental Incapacity Defined
Tex. Insurance Code § 1106.003, under Reinstatement of Certain Life Insurance Policies.
Tex. Insurance Code § 1106.003