Tex. Ins. Code § 1578.053 · Subchapter B. PURCHASE OF INSURANCE
MINIMUM REQUIREMENTS TO OBTAIN POLICY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A voluntary association may obtain a group policy under this chapter only if the policy will cover at least 25 association members on the date of issue.
(b) If the premium for the group policy is paid wholly or partly from money contributed by association members for that purpose, the policy on the date of issue must cover at least the lesser of 75 percent of the eligible members or 400 members, excluding any member whose evidence of individual insurability is not satisfactory to the insurer, who elect to make the required contributions and to be insured under the policy.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, 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.1578.htm
- Text hash
- sha256 1bb89d6f32c356a7af58e3163b07f498438a53f291d0ff3ddb05dff0dd320404
- 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
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.