Insurance Code § 962.002

Sec. 962.002. JOB PROTECTION INSURANCE DEFINED. (a) In this chapter, "job protection insurance" means insurance providing indemnity that is: (1) paid for loss of position arising from discharge or suspension; (2) payable in installments that do not exceed the average monthly wage of the insured; and (3) provided to: (A) conductors, engineers, motormen, brakemen, switchmen, firemen, dispatchers, clerks, operators, trackmen, signalmen, and maintenance-of-way personnel of steam and electric railways; and (B) bus drivers and truck drivers employed by common carriers. (b) The term "job protection insurance" does not include a job benefit fund administered by and through a labor union only for the union's members. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 16, eff. April 1, 2007.