Tex. Ins. Code § 1131.060 · Subchapter B. GROUP AND WHOLESALE, FRANCHISE, OR EMPLOYEE LIFE INSURANCE: ELIGIBLE POLICYHOLDERS
NONPROFIT ORGANIZATIONS OR ASSOCIATIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A group life insurance policy may be issued to a nonprofit service, civic, fraternal, or community organization or association to insure the organization's or association's members and employees for the benefit of persons other than the organization or association or an officer of the organization or association.
(b) To be eligible to obtain a group life insurance policy under this section, an organization or association must:
(1) have a constitution or bylaws;
(2) have actively existed for at least two years; and
(3) have been formed for purposes other than that of obtaining insurance.
(c) The organization or association is the policyholder under a policy to which this section applies.
(d) A policy to which this section applies is subject to Subchapter K.
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 447d74da9003b0fd99146af76dc116641a3b724bc786364e6dddbb262c2c2c53
- 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 § 1131.060. 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.