Texas § 1131.703 INSURANCE FOR LIABILITIES RELATED TO FRINGE BENEFITS.

Texas Statutes

§ 1131.703 — INSURANCE FOR LIABILITIES RELATED TO FRINGE BENEFITS.

Texas § 1131.703

Code INInsurance Code

This text of Texas § 1131.703 (INSURANCE FOR LIABILITIES RELATED TO FRINGE BENEFITS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 1131.703 (2026).

Text

Sec. 1131.703. INSURANCE FOR LIABILITIES RELATED TO FRINGE BENEFITS.

(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. SUBCHAPTER P. WHOLESALE, FRANCHISE, OR EMPLOYEE LIFE INSURANCE POLICIES: ADDITIONAL REQUIREMENTS

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Sec. 1131.703. INSURANCE FOR LIABILITIES RELATED TO FRINGE BENEFITS. (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.
SUBCHAPTER P. WHOLESALE, FRANCHISE, OR EMPLOYEE LIFE INSURANCE POLICIES: ADDITIONAL REQUIREMENTS