Section 1151.101 - Authorized Provisions In addition to the provisions required by Subchapter B and Section 1151.152, an industrial life insurance policy may:
(1) exclude liability or promise a benefit that is less than the full amount payable as a death benefit if the insured: (A) dies by the insured's own hand, regardless of whether the insured is sane or insane; or(B) dies as a result of engaging in a stated hazardous occupation;(2) promise a benefit that is less than the full amount payable if the insured dies as a result of an aviation activity under a condition specified in the policy approved by the department as provided by Chapter 1701;(3) limit the maximum amount payable on the death of a child younger than 15 years of age; and(4) include any other provision not otherwise prohibited by this chapter.Tex. Ins. Code § 1151.101
Amended By Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 2F.008, eff. 4/1/2009.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. 6/1/2003.