Tex. Ins. Code Section 1151.101
Authorized Provisions

In addition to the provisions required by Subchapter B and Section 1151.152 (Provisions Concerning Stipulated Form of Insurance or Specified Cash Surrender Value in Certain Policies), an industrial life insurance policy may:


exclude liability or promise a benefit that is less than the full amount payable as a death benefit if the insured:


dies by the insured’s own hand, regardless of whether the insured is sane or insane; or


dies as a result of engaging in a stated hazardous occupation;


promise a benefit that is less than the full amount payable if the insured dies as a result of an aviation activity under a condition specified in the policy approved by the department as provided by Chapter 1701 (Policy Forms);


limit the maximum amount payable on the death of a child younger than 15 years of age; and


include any other provision not otherwise prohibited by this chapter.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2F.008, eff. April 1, 2009.

Source: Section 1151.101 — Authorized Provisions, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­1151.­htm#1151.­101 (accessed Dec. 2, 2023).

Dec. 2, 2023

§ 1151.101’s source at texas​.gov