1131.205 – AMOUNTS OF INSURANCE. (a) The amounts of
Texas Insurance Code § 1131.205
Summary
This law mandates that insurance amounts in policies must be determined by a set plan, preventing individual selection by employees or employers. It ensures uniformity in insurance coverage within a group, thereby protecting the integrity of the insurance pool.
Insurance amounts must follow a predetermined plan.
Individual selection by employees or employers is prohibited.
Aims to maintain fairness in group insurance policies.
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In simple terms: Learn about Texas's AMOUNTS OF INSURANCE. (a) The amounts 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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