Amounts of Insurance

Tex. Insurance Code § 1131.505, under Chapter 1131.

Tex. Insurance Code § 1131.505

Sec. 1131.505. AMOUNTS OF INSURANCE. The amounts of insurance under the policy must be based on a plan that precludes individual selection by the insured members or by the organization or association. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. SUBCHAPTER O. GROUP LIFE INSURANCE POLICIES ISSUED TO OTHER GROUPS: ADDITIONAL REQUIREMENTS