Tex. Ins. Code § 1131.051 · Subchapter B. GROUP AND WHOLESALE, FRANCHISE, OR EMPLOYEE LIFE INSURANCE: ELIGIBLE POLICYHOLDERS
EMPLOYERS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A group life insurance policy may be issued to an employer or to trustees of a fund established by an employer to insure the employer's employees for the benefit of persons other than the employer.
(b) A policy to which this section applies may provide that "employee" includes:
(1) an individual proprietor or partner, if the employer is an individual proprietorship or partnership;
(2) an employee of a subsidiary corporation of the employer;
(3) an employee, individual proprietor, or partner of an affiliated corporation, proprietorship, or partnership, if the business of the employer and the affiliated corporation, proprietorship, or partnership is under common control through stock ownership, contract, or otherwise; or
(4) a retired employee.
(c) The employer or the trustees of a fund established by an employer are the policyholder under a policy to which this section applies.
(d) A policy to which this section applies is subject to Subchapter E.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1131.htm
- Text hash
- sha256 b508f2388d46c1f4d681d90bfb248d82d74bd78eb9e635cd2db4cab08e1c44e8
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 2 provisions
Provisions in this library whose text cites Tex. Ins. Code § 1131.051. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.