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.
Section: 1131.001 1131.002 1131.003 1131.004 1131.005 1131.006 1131.007 1131.051 1131.052 1131.053 1131.054 1131.055 1131.056 1131.057 1131.058 NextLast modified: September 28, 2016