Texas Insurance Code 1131.004 – Forfeiture of Certificate of Authority for Unauthorized Group Life Insurance Contract
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Terms Used In Texas Insurance Code 1131.004
- Contract: A legal written agreement that becomes binding when signed.
The certificate of authority to engage in the business of insurance in this state of an insurer that enters into a group life insurance contract other than as authorized by this chapter may be forfeited by an action brought for that purpose by the attorney general at the department’s request.