1131.056 – PRINCIPALS. (a) In this section, "agent"
Texas Insurance Code § 1131.056
Summary
This law defines 'agent' in the context of group life insurance policies and allows such policies to be issued to insure agents for the benefit of others. It primarily affects life insurance companies and their agents, facilitating coverage for agents under specific conditions.
Defines 'agent' to include general agents and salespersons.
Allows group life insurance policies for agents' benefit.
Policies must comply with Subchapter I regulations.
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In simple terms: Learn about Texas's PRINCIPALS. (a) In this section, "agent" 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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