Texas Statutes
Subchapter A. General Provisions
Section 1131.005. Guaranteeing Issuance of Life Insurance Policy Without Evidence of Insurability

Sec. 1131.005. GUARANTEEING ISSUANCE OF LIFE INSURANCE POLICY WITHOUT EVIDENCE OF INSURABILITY. (a) In this section, "qualified pension or profit-sharing plan" means a plan that meets the requirements of:
(1) Section 401 or 403, Internal Revenue Code of 1986, and their subsequent amendments; or
(2) any corresponding provisions of prior or subsequent United States revenue laws.
(b) This code does not prohibit a life insurance company authorized to engage in the business of insurance in this state from guaranteeing to issue individual life insurance policies insuring participants in a qualified pension or profit-sharing plan on other than the term plan without evidence of insurability.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.

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