This Subchapter applies to all group and individual life insurance policies and certificates except:
  (1) variable life insurance;
  (2) individual and group annuity contracts;
  (3) credit life insurance; or
  (4) life insurance policies with no illustrated death benefits on any individual exceeding $10,000.

Source Note: The provisions of this §21.2203 adopted to be effective September 29, 1998, 23 TexReg 9753.