Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 7. LIFE INSURANCE AND ANNUITIES |
Subtitle A. LIFE INSURANCE IN GENERAL |
Chapter 1106. REINSTATEMENT OF CERTAIN LIFE INSURANCE POLICIES |
Sec. 1106.003. MENTAL INCAPACITY DEFINED
Latest version.
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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.