1131.064 – OTHER GROUPS. (a) A group life insurance
Texas Insurance Code § 1131.064
Summary
This law allows for the issuance of group life insurance policies to groups not specifically defined in earlier sections, provided certain conditions are met. It ensures that the policies serve the public interest, are cost-effective, and offer reasonable benefits compared to premiums.
Applies to groups not covered by earlier sections.
Requires approval from the commissioner based on public interest.
Benefits must be reasonable relative to premiums.
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In simple terms: Learn about Texas's OTHER GROUPS. (a) A group life insurance 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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