Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 7. LIFE INSURANCE AND ANNUITIES |
Subtitle B. GROUP LIFE INSURANCE |
Chapter 1131. GROUP LIFE INSURANCE AND WHOLESALE, FRANCHISE, OR EMPLOYEE LIFE INSURANCE |
Subchapter B. GROUP AND WHOLESALE, FRANCHISE, OR EMPLOYEE LIFE INSURANCE: ELIGIBLE POLICYHOLDERS |
Sec. 1131.052. LABOR UNIONS
Latest version.
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(a) A group life insurance policy may be issued to a labor union to insure the union's members who are actively engaged in the same occupation.
(b) For purposes of this chapter:
(1) a labor union is considered to be an employer; and
(2) a member of a labor union is considered to be an employee of the union.
(c) The labor union is the policyholder under a policy to which this section applies.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.