1131.060 – NONPROFIT ORGANIZATIONS OR ASSOCIATIONS. (a) A
Texas Insurance Code § 1131.060
Summary
This law allows nonprofit organizations or associations to obtain group life insurance policies for their members and employees, benefiting individuals other than the organization itself. It sets eligibility criteria for these organizations to access such insurance coverage.
Nonprofits can issue group life insurance policies.
Coverage benefits individuals, not the organization itself.
Eligibility criteria must be met to obtain policies.
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In simple terms: Learn about Texas's NONPROFIT ORGANIZATIONS OR ASSOCIATIONS. (a) A 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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