1131.111 – RIGHT TO INDIVIDUAL POLICY ON TERMINATION OF
Texas Insurance Code § 1131.111
Summary
This law ensures that individuals covered under a group life insurance policy for at least five years can obtain an individual policy if the group coverage is terminated. It protects long-term insured individuals by providing them with an option to continue their life insurance coverage independently.
Applies to individuals insured under group life policies for five years or more.
Individuals can obtain an individual policy upon group coverage termination.
Ensures continuity of life insurance coverage for eligible individuals.
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In simple terms: Learn about Texas's RIGHT TO INDIVIDUAL POLICY ON TERMINATION OF 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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