Tex. Insurance Code § 1151.101

This is the official text of Tex. Insurance Code § 1151.101, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.

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§ 1151.101. AUTHORIZED PROVISIONS.

Official statutory text

In addition to the provisions required by Subchapter B and Section 1151.152, 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;

(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.

Status: in_force · Read it on the official government site

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