Sec. 1131.001. DEFINITION. In this chapter, "wholesale, franchise, or employee life insurance" means a term life insurance plan under which a number of individual term life insurance policies are issued to a selected group at a rate that is lower than the rate shown in the issuing insurer's manual for an individually issued policy of the same type issued to an insured of the same class.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Structure Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle B - Group Life Insurance
Chapter 1131 - Group Life Insurance and Wholesale, Franchise, or Employee Life Insurance
Subchapter A. General Provisions
Section 1131.002. Certain Group Life Insurance Authorized
Section 1131.003. Certain Wholesale, Franchise, or Employee Life Insurance Authorized
Section 1131.005. Guaranteeing Issuance of Life Insurance Policy Without Evidence of Insurability