Tex. Insurance Code § 1131.005
This is the official text of Tex. Insurance Code § 1131.005, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 1131.005. GUARANTEEING ISSUANCE OF LIFE INSURANCE POLICY WITHOUT EVIDENCE OF INSURABILITY.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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