Section 1131.757 - Optional Policy Provisions 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.Tex. Ins. Code § 1131.757
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. 6/1/2003.