Sec. 1131.056. PRINCIPALS. (a) In this section, "agent" includes a general agent or a salesperson.
(b) A group life insurance policy may be issued to a principal, or if the principal is a life, life and accident, or life, accident, and health insurer, by or to the principal, to insure the principal's agents for the benefit of persons other than the principal.
(c) A policy to which this section applies is subject to Subchapter I.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 355 (H.B. 4030), Sec. 6, eff. September 1, 2021.
Structure Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle B - Group Life Insurance
Chapter 1131 - Group Life Insurance and Wholesale, Franchise, or Employee Life Insurance
Subchapter B. Group and Wholesale, Franchise, or Employee Life Insurance: Eligible Policyholders
Section 1131.052. Labor Unions
Section 1131.053. Funds Established by Employers or Labor Unions
Section 1131.054. Governmental Entities or Associations of Public Employees
Section 1131.055. Spouses and Children of Employees of United States Government
Section 1131.058. Veterans' Land Board
Section 1131.059. Associations or Trusts for Payment of Funeral Expenses
Section 1131.060. Nonprofit Organizations or Associations
Section 1131.064. Other Groups
Section 1131.065. Wholesale, Franchise, or Employee Life Insurance