Tex. Ins. Code Section 881.101
Types of Certificates or Policies Authorized

(a)

A statewide mutual assessment company may issue only a certificate or policy that provides for the continuous payment of premiums or assessments during the policyholder’s life.

(b)

A statewide mutual assessment company may not:

(1)

issue a certificate or policy on a limited payment plan; or

(2)

promise to pay an endowment or annuity benefit.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 881.101 — Types of Certificates or Policies Authorized, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­881.­htm#881.­101 (accessed May 4, 2024).

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Accessed:
May 4, 2024

§ 881.101’s source at texas​.gov