Texas Insurance Code

§ 962.002 — JOB PROTECTION INSURANCE DEFINED

IN § 962.002Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part H. OTHER ENTITIES · Ch. 962. JOB PROTECTION INSURANCE · Art. A. GENERAL PROVISIONS

Statute text

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(a)In this chapter, "job protection insurance" means insurance providing indemnity that is:

(1)paid for loss of position arising from discharge or suspension;

(2)payable in installments that do not exceed the average monthly wage of the insured; and

(3)provided to:

(A)conductors, engineers, motormen, brakemen, switchmen, firemen, dispatchers, clerks, operators, trackmen, signalmen, and maintenance-of-way personnel of steam and electric railways; and

(B)bus drivers and truck drivers employed by common carriers.

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Legislative history

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 16, eff. April 1, 2007.