Tex. Ins. Code § 1131.057 – Creditors | Midpage

Collections
Texas Statutes

§ 1131.057

Tex. Ins. Code § 1131.057

Creditors

Effective Jun 1, 2003Added by Acts 2001, 77th Leg., ch. 1419

(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.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.