1131.001 – DEFINITION. In this chapter, "wholesale,
Texas Insurance Code § 1131.001
Summary
This section defines wholesale, franchise, or employee life insurance as a type of term life insurance offered to a select group at reduced rates. It applies to insurers providing these policies to groups rather than individuals, ensuring lower costs for members of the group.
Defines wholesale life insurance for selected groups.
Policies issued at lower rates than individual policies.
Applicable to term life insurance plans.
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In simple terms: Learn about Texas's DEFINITION. In this chapter, "wholesale, 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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