Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1131.057 - Creditors(a) A group life insurance policy may be issued to a creditor to insure the creditor's debtors.(b) The creditor is the policyholder under a policy to which this section applies.(c) A policy to which this section applies is subject to Subchapter J.
Tex. Ins. Code § 1131.057
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. 6/1/2003.