1. (a) In this chapter, "job protection insurance" means insurance providing indemnity that is:

   1. (1) paid for loss of position arising from discharge or suspension;
   2. (2) payable in installments that do not exceed the average monthly wage of the insured; and

   3. (3) provided to:

      1. (A) conductors, engineers, motormen, brakemen, switchmen, firemen, dispatchers, clerks, operators, trackmen, signalmen, and maintenance-of-way personnel of steam and electric railways; and
      2. (B) bus drivers and truck drivers employed by common carriers.
2. (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.