1131.753 – MINIMUM ENROLLMENT. A policy of wholesale,
Texas Insurance Code § 1131.753
Summary
This law mandates that wholesale, franchise, or employee life insurance policies must include a minimum of five covered individuals at the time of issuance. It primarily affects insurance providers and organizations offering such policies to employees or union members.
Applies to wholesale, franchise, and employee life insurance policies.
Requires coverage for at least five individuals upon policy issuance.
Affects insurance providers and labor or credit unions.
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In simple terms: Learn about Texas's MINIMUM ENROLLMENT. A policy of 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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