Tex. Insurance Code § 1111.051
This is the official text of Tex. Insurance Code § 1111.051, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 1111.051. DEFINITIONS.
Official statutory text
In this subchapter:
(1) "Accelerated benefit" means a benefit paid to an insured instead of a portion of a death benefit.
(2) "Death benefit" means a benefit payable to a beneficiary on the death of an insured.
(3) "Long-term care illness" means an illness or physical condition that results in the inability to perform the activities of daily life or the substantial and material duties of any occupation.
(4) "Terminal illness" means an illness or physical condition, including a physical injury, that can reasonably be expected to result in death within not more than two years.
(1) "Accelerated benefit" means a benefit paid to an insured instead of a portion of a death benefit.
(2) "Death benefit" means a benefit payable to a beneficiary on the death of an insured.
(3) "Long-term care illness" means an illness or physical condition that results in the inability to perform the activities of daily life or the substantial and material duties of any occupation.
(4) "Terminal illness" means an illness or physical condition, including a physical injury, that can reasonably be expected to result in death within not more than two years.
Status: in_force · Read it on the official government site
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