Tex. Ins. Code § 1131.001
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
In this chapter, "wholesale, franchise, or employee life insurance" means a term life insurance plan under which a number of individual term life insurance policies are issued to a selected group at a rate that is lower than the rate shown in the issuing insurer's manual for an individually issued policy of the same type issued to an insured of the same class.
Tex. Ins. Code § 1131.001