Texas Insurance Code 1131.757 – Optional Policy Provisions
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Terms Used In Texas Insurance Code 1131.757
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
A policy of wholesale, franchise, or employee life insurance may contain in substance provisions under which:
(1) the policy is renewable at the option of the insurer only;
(2) coverage by the insurer terminates on termination of employment or membership by the insured employee or member; or
(3) an individual eligible for insurance must furnish evidence of individual insurability satisfactory to the insurer as a condition to coverage.