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Texas Insurance Code - INS § 962.002. Job Protection Insurance Defined

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

(a) In this chapter, “job protection insurance” means insurance providing indemnity that is:

(1) paid for loss of position arising from discharge or suspension;

(2) payable in installments that do not exceed the average monthly wage of the insured;  and

(3) provided to:

(A) conductors, engineers, motormen, brakemen, switchmen, firemen, dispatchers, clerks, operators, trackmen, signalmen, and maintenance-of-way personnel of steam and electric railways;  and

(B) bus drivers and truck drivers employed by common carriers.

(b) The term “job protection insurance” does not include a job benefit fund administered by and through a labor union only for the union's members.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 962.002. Job Protection Insurance Defined - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-962-002/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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