Sec. 1131.758. CERTAIN POLICIES AND PLANS UNAFFECTED


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  • This subchapter does not impair or otherwise affect:

    (1) a policy issued before August 28, 1961;

    (2) a plan of wholesale, franchise, or employee life insurance in effect before August 28, 1961, if the plan was legal on the date policies were issued under the plan; or

    (3) a policy issued on a salary savings franchise plan, bank deduction plan, pre-authorized check plan, or similar plan of premium collection.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.