An individual accident and health insurance policy of a foreign or alien insurer may contain any provision that is:

1. (1) not less favorable to the insured or the beneficiary than the provisions of this chapter; and
2. (2) prescribed or required by the law of the state under which the insurer is organized.

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005.