Sec. 706.003. ELIGIBLE POLICYHOLDERS  


Latest version.
  • (a) An insurer may issue coverage authorized under Section 706.002 to:

    (1) an individual; or

    (2) a group, business, employer, association, trustee, or other entity for the benefit of its members, customers, employees, members, or beneficiaries.

    (b) An entity described by Subsection (a)(2) may be a group that:

    (1) is formed solely for the purpose of obtaining insurance coverage under this chapter; or

    (2) has already been formed for a purpose other than for obtaining insurance coverage under this chapter and that is described by Subsection (a)(2).

Added by Acts 2005, 79th Leg., Ch. 102 , Sec. 3, eff. September 1, 2005.