1131.051 – EMPLOYERS. (a) A group life insurance policy
Texas Insurance Code § 1131.051
Summary
This law allows employers to obtain group life insurance policies for their employees, ensuring benefits are provided to individuals other than the employer. It also clarifies who qualifies as an 'employee' under such policies, including proprietors, partners, and employees of subsidiaries.
Employers can insure employees under group life policies.
Coverage extends to employees of subsidiaries and partners.
Benefits are for individuals other than the employer.
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In simple terms: Learn about Texas's EMPLOYERS. (a) A group life insurance policy law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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