Tex. Ins. Code § 1131.005 · Subchapter A. GENERAL PROVISIONS
GUARANTEEING ISSUANCE OF LIFE INSURANCE POLICY WITHOUT EVIDENCE OF INSURABILITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1131.htm
- Text hash
- sha256 a839e66662e5c934f5f843e2e85d26d0ccb1fe52918f695b25e958f53eb4beef
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.