1131.005 – GUARANTEEING ISSUANCE OF LIFE INSURANCE POLICY
Texas Insurance Code § 1131.005
Summary
This law allows life insurance companies in Texas to issue life insurance policies without requiring evidence of insurability for participants in qualified pension or profit-sharing plans. It primarily affects individuals enrolled in such plans and the insurance companies that serve them.
Allows life insurance issuance without insurability evidence.
Applies to qualified pension or profit-sharing plans.
Affects both policyholders and insurance companies.
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In simple terms: Learn about Texas's GUARANTEEING ISSUANCE OF LIFE INSURANCE POLICY 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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