1131.255 – AMOUNTS OF INSURANCE. (a) The amounts of
Texas Insurance Code § 1131.255
Summary
This law mandates that insurance amounts must be determined by a plan that prevents individual selection by insured parties or employers. It ensures a standardized approach to insurance coverage amounts, promoting fairness and uniformity in policies.
Insurance amounts must avoid individual selection by insureds.
Standardized plans are required for determining coverage amounts.
Promotes fairness in insurance policy structures.
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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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