Texas Insurance Code - INS § 1105.003. Exemptions

(A) does not provide guaranteed nonforfeiture or endowment benefits or renewal of the policy;

(B) has a term of 20 years or less that expires before the insured reaches 71 years of age;  and

(C) has uniform premiums that are payable during the entire term of the policy;

(A) that does not provide guaranteed nonforfeiture or endowment benefits;  and

(B) on which each adjusted premium, computed as specified by Subchapter B or D,  1 is less than the adjusted premium computed in that manner for a term policy of uniform amount, or a renewal of a term policy of uniform amount, that:

(A) that does not provide guaranteed nonforfeiture or endowment benefits;  and

(B) for which no cash surrender value, if any, or present value of any paid-up nonforfeiture benefit, at the beginning of any policy year, computed as specified by Section 1105.007, 1105.008, 1105.009, Subchapter B, or Subchapter D, exceeds 2- 1/2 percent of the amount of insurance at the beginning of the same policy year;

(A) does not provide for cash values or nonforfeiture values;  and

(B) meets the requirements of Section 884.403(b).