Sec. 1151.001. DEFINITION. In this chapter, "industrial life insurance" means life insurance under which the premiums are payable:
(1) weekly; or
(2) less often than weekly but at least monthly, if the face amount of insurance coverage provided by the policy is $1,000 or less.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Structure Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle C - Specialized Coverages
Chapter 1151 - Industrial Life Insurance
Subchapter A. General Provisions
Section 1151.002. General Applicability of Chapter
Section 1151.003. Applicability of Chapter to Policy Providing Accident and Health Benefits