Tex. Insurance Code § 1101.011
This is the official text of Tex. Insurance Code § 1101.011, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 1101.011. TIME FOR SETTLEMENT OF CLAIM.
Official statutory text
(a) Except as provided by Subsection (b), a life insurance policy must provide that settlement under the policy after the death of the insured will be made not later than two months after the date of receipt of proof of:
(1) the death; and
(2) the right of the claimant to the proceeds of the policy.
(b) A private placement contract issued under Section 1152.110 may provide that:
(1) settlement of that portion of the contract attributable to separate account assets is subject to the liquidity of those assets; and
(2) the portion of the contract described by Subdivision (1) must be settled by the insurer when the separate account assets are converted to cash under any applicable terms, which may be a period longer than the two-month period described by Subsection (a).
(1) the death; and
(2) the right of the claimant to the proceeds of the policy.
(b) A private placement contract issued under Section 1152.110 may provide that:
(1) settlement of that portion of the contract attributable to separate account assets is subject to the liquidity of those assets; and
(2) the portion of the contract described by Subdivision (1) must be settled by the insurer when the separate account assets are converted to cash under any applicable terms, which may be a period longer than the two-month period described by Subsection (a).
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.