Texas Insurance Code 1101.013 – Statement of Maximum Amount Payable Under Family Group Life Insurance Policy
Current as of: 2024 | Check for updates
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A family group life insurance policy must clearly state:
(1) the maximum amount that is payable to the payee in the policy on the death of an insured or insureds; and
(2) any terms under which an amount other than the maximum amount of the policy is payable.