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Texas Statutes (Last Updated: January 4, 2014) |
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INSURANCE CODE |
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Title 7. LIFE INSURANCE AND ANNUITIES |
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Subtitle B. GROUP LIFE INSURANCE |
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Chapter 1131. GROUP LIFE INSURANCE AND WHOLESALE, FRANCHISE, OR EMPLOYEE LIFE INSURANCE |
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Subchapter B. GROUP AND WHOLESALE, FRANCHISE, OR EMPLOYEE LIFE INSURANCE: ELIGIBLE POLICYHOLDERS |
Sec. 1131.054. GOVERNMENTAL ENTITIES OR ASSOCIATIONS OF PUBLIC EMPLOYEES
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(a) In this section, "employee" includes an elected or appointed officer of the state.
(b) A group life insurance policy may be issued to a governmental entity or an association of public employees listed in Subsection (c) to insure the governmental entity's employees or the association's members for the benefit of persons other than the governmental entity or association.
(c) This section authorizes issuance of a group life insurance policy to:
(1) a municipality, independent school district, or common school district;
(2) a department of state government;
(3) a state college or university; or
(4) an association of public employees, including an association of:
(A) employees of the United States government, if the majority of the members of the association reside in this state;
(B) state employees; or
(C) any combination of state, county, and municipal employees.
(d) The governmental entity or association is the policyholder under a policy to which this section applies.
(e) A policy to which this section applies is subject to Subchapter G.