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:

(1)

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

(A)

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

(B)

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

(2)

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);

(3)

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

(4)

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 May 18, 2024).

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Accessed:
May 18, 2024

§ 1151.101’s source at texas​.gov