1131.755 – INDIVIDUAL APPLICATION REQUIRED. (a) An
Texas Insurance Code § 1131.755
Summary
This law mandates that insurers must obtain a separate application for each policy of wholesale, franchise, or employee life insurance. This requirement ensures that each policy is individually assessed and documented, impacting both insurers and policyholders.
Insurers must collect individual applications for specific life insurance policies.
Applies to wholesale, franchise, and employee life insurance.
Ensures proper documentation and assessment of each policy.
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In simple terms: Learn about Texas's INDIVIDUAL APPLICATION REQUIRED. (a) An 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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