1151.101 – AUTHORIZED PROVISIONS. In addition to the
Texas Insurance Code § 1151.101
Summary
This law allows industrial life insurance policies to limit benefits under specific circumstances, such as suicide or hazardous occupations. It affects policyholders and insurers by defining exclusions that can be included in the policy terms.
Allows exclusions for suicide regardless of mental state.
Permits reduced benefits for deaths in hazardous occupations.
Applies to industrial life insurance policies specifically.
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In simple terms: Learn about Texas's AUTHORIZED PROVISIONS. In addition to the 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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