Texas Insurance Code
§ 1101.013 — STATEMENT OF MAXIMUM AMOUNT PAYABLE UNDER FAMILY GROUP LIFE INSURANCE POLICY
IN § 1101.013Title 7. LIFE INSURANCE AND ANNUITIES · Part A. LIFE INSURANCE IN GENERAL · Ch. 1101. LIFE INSURANCE · Art. A. REQUIRED POLICY PROVISIONS
Statute text
View on sourceA family group life insurance policy must clearly state:
(1)the maximum amount that is payable to the payee in the policy on the death of an insured or insureds; and
(2)any terms under which an amount other than the maximum amount of the policy is payable.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.