Tex. Ins. Code § 1131.703 · Subchapter O. GROUP LIFE INSURANCE POLICIES ISSUED TO OTHER GROUPS: ADDITIONAL REQUIREMENTS
INSURANCE FOR LIABILITIES RELATED TO FRINGE BENEFITS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Notwithstanding any other law, an employer may insure the lives of the employer's officers, directors, employees, and retired employees under Section 1131.064 to and in an amount necessary to provide funds to offset liabilities related to fringe benefits.
(b) An employer shall submit evidence of the purpose of the policy to the commissioner.
(c) A policy issued for the purpose described by this section does not reduce any other life insurance benefits offered or provided by the employer.
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 c3889c6d6931fd78916e8c5be85554a7fed5404fb6db63d642fef59c20675ddd
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 6 provisions
Provisions in this library whose text cites Tex. Ins. Code § 1131.703. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 1131.107ADJUSTMENT OF PREMIUMS OR BENEFITS IF AGE OF INSURED IS MISSTATED.Printed as Section 1131.703
- Tex. Ins. Code § 1131.108INSURANCE CERTIFICATE.Printed as Section 1131.703
- Tex. Ins. Code § 1131.109PERSON TO WHOM BENEFITS ARE PAYABLE.Printed as Section 1131.703
- Tex. Ins. Code § 1131.110RIGHT TO INDIVIDUAL POLICY ON TERMINATION OF EMPLOYMENT OR MEMBERSHIP.Printed as Section 1131.703
- Tex. Ins. Code § 1131.111RIGHT TO INDIVIDUAL POLICY ON TERMINATION OF COVERAGE UNDER GROUP POLICY.Printed as Section 1131.703
- Tex. Ins. Code § 1131.112PAYMENT OF BENEFITS ON DEATH OF INSURED BEFORE INDIVIDUAL POLICY BECOMES EFFECTIVE.Printed as Section 1131.703
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.