Texas § 1131.056 PRINCIPALS.

Texas Statutes

§ 1131.056 — PRINCIPALS.

Texas § 1131.056

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 1131.056 (2026).

Text

Sec. 1131.056. PRINCIPALS.

(a)In this section, "agent" includes a general agent or a salesperson.

(b)A group life insurance policy may be issued to a principal, or if the principal is a life, life and accident, or life, accident, and health insurer, by or to the principal, to insure the principal's agents for the benefit of persons other than the principal.

(c)A policy to which this section applies is subject to Subchapter I.

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Sec. 1131.056. PRINCIPALS. (a) In this section, "agent" includes a general agent or a salesperson.
(b) A group life insurance policy may be issued to a principal, or if the principal is a life, life and accident, or life, accident, and health insurer, by or to the principal, to insure the principal's agents for the benefit of persons other than the principal.
(c) A policy to which this section applies is subject to Subchapter I.

Legislative History

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. Amended by: Acts 2021, 87th Leg., R.S., Ch. 355 (H.B. 4030 ), Sec. 6, eff. September 1, 2021.