Sec. 1131.753. MINIMUM ENROLLMENT. A policy of wholesale, franchise, or employee life insurance must cover at least five employees or members of a labor union or credit union on the date the policy is issued.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
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 P. Wholesale, Franchise, or Employee Life Insurance Policies: Additional Requirements
Section 1131.751. Applicability of Subchapter
Section 1131.752. Payment of Premiums
Section 1131.753. Minimum Enrollment
Section 1131.755. Individual Application Required
Section 1131.756. Right to Individual Policy on Termination of Employment or Membership