Texas — Statute

154.004 – GROUP INSURANCE CONTRACTS. (a) A life insurance | Texas Law

Learn about Texas's GROUP INSURANCE CONTRACTS. (a) A life insurance law, including definitions, penalties, and legal implications.

Legal Content

Home / State Law / Texas / 154.004

Texas State Law

154.004 – GROUP INSURANCE CONTRACTS. (a) A life insurance

Texas Finance Code § 154.004

Summary

This law allows life insurance companies in Texas to provide group decreasing term life insurance to individuals who buy prepaid funeral benefits from the same seller. The insurance amount is designed to match the unpaid balance of the funeral benefits contract.

Applies to life insurance companies in Texas.

Insurance amount matches unpaid funeral benefits balance.

Available only for purchasers of prepaid funeral benefits.

Frequently Asked Questions

Why Attorneys Choose FlawFinder

Side-by-side with Westlaw and LexisNexis

Feature	FlawFinder	Westlaw	LexisNexis
Monthly price	$19 - $99	$133 - $646	$153 - $399
Contract	None	1-3 year min	1-6 year min
Hidden fees	$0, always	Up to $469/search	$25/mo + per-doc
Police SOPs	✓ 310+ departments	✗	✗
Zero-hallucination AI	✓ CitationGuard	✗	✗
Cancel	One click	Termination fees	No option to cancel

Explain Like I'm 5

In simple terms: Learn about Texas's GROUP INSURANCE CONTRACTS. (a) A life insurance law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.

FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.