Sec. 1101.203.  APPLICABILITY.  (a)  This subchapter applies to a life insurance policy issued by an insurer, as defined by Section 1102.001, that contains non-guaranteed charges that may change at the discretion of the insurer.
(b)  This subchapter does not apply to:
(1)  group life insurance without separately identifiable accounts for insureds;
(2)  a life insurance policy in which the insurer assumes all risk and contractually guarantees a death benefit in exchange for a guaranteed premium set at the time of the policy's issuance;
(3)  an individual or group annuity contract;
(4)  credit life insurance;
(5)  a life insurance policy with no illustrated death benefits on any individual exceeding $10,000;
(6)  a bank-owned or corporate-owned life insurance policy; or
(7)  a life insurance policy that does not provide for cash values or nonforfeiture values.
Added by Acts 2019, 86th Leg., R.S., Ch. 1026 (H.B. 207), Sec. 1, eff. September 1, 2019.