This subchapter applies to all individual life policies that do not provide nonforfeiture benefits issued to Texas residents by insurers licensed in this state, including stipulated premium companies and fraternal benefit societies, that lapse due to the mental incapacity of the insured and that qualify for reinstatement under the eligibility requirements set forth in §4.1605 of this title (relating to Eligibility Requirements).

Source Note: The provisions of this §4.1602 adopted to be effective January 10, 1996, 20 TexReg 11121; transferred effective September 1, 2023, as published in the July 28, 2023, issue of the Texas Register, 48 TexReg 4127; amended to be effective January 24, 2024, 49 TexReg 250