1104.001 – APPLICABILITY OF SUBCHAPTER. This subchapter
Texas Insurance Code § 1104.001
Summary
This law specifies that the subchapter applies exclusively to life insurance policies issued by licensed stock or mutual legal reserve companies in Texas that meet state reserve requirements. It ensures that only compliant companies are governed by these regulations.
Applies to licensed life insurance companies in Texas.
Covers stock and mutual legal reserve companies only.
Requires maintenance of legal reserves as per state law.
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In simple terms: Learn about Texas's APPLICABILITY OF SUBCHAPTER. This subchapter law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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