1131.756 – RIGHT TO INDIVIDUAL POLICY ON TERMINATION OF
Texas Insurance Code § 1131.756
Summary
This law ensures that individuals covered under certain life insurance policies can obtain an individual policy if their employment or membership ends. It protects employees and members by allowing them to maintain life insurance coverage after losing their job or membership status.
Applies to wholesale, franchise, or employee life insurance policies.
Individuals can obtain an individual policy upon termination of employment or membership.
Insurers must include specific provisions in the policy regarding this right.
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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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