Section 1131.056 - Principals(a) In this section, "agent" includes a general agent or a salesperson.(b) A group life insurance policy may be issued to a principal, or if the principal is a life, life and accident, or life, accident, and health insurer, by or to the principal, to insure the principal's agents for the benefit of persons other than the principal.(c) A policy to which this section applies is subject to Subchapter I.Tex. Ins. Code § 1131.056
Amended by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 355,Sec. 6, eff. 9/1/2021.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. 6/1/2003.