Sec. 1131.065. WHOLESALE, FRANCHISE, OR EMPLOYEE LIFE INSURANCE


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  • (a) Policies of wholesale, franchise, or employee life insurance may be issued to:

    (1) the employees of a common employer or employers;

    (2) the members of one or more labor unions; or

    (3) the members of one or more credit unions.

    (b) A policy to which this section applies is subject to Subchapter P.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.