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Texas Insurance Code - INS § 881.101. Types of Certificates or Policies Authorized

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A statewide mutual assessment company may issue only a certificate or policy that provides for the continuous payment of premiums or assessments during the policyholder's life.

(b) A statewide mutual assessment company may not:

(1) issue a certificate or policy on a limited payment plan;  or

(2) promise to pay an endowment or annuity benefit.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 881.101. Types of Certificates or Policies Authorized - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-881-101/

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