78R8168 T
By: Farabee H.B. No. 1799
A BILL TO BE ENTITLED
AN ACT
relating to group life insurance.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1131.108(a), Insurance Code, is amended
to read as follows:
(a) A group life insurance policy must provide that the
insurer will issue to the policyholder for delivery to each insured
an individual certificate stating:
(1) the insurance protection to which the insured is
entitled;
(2) to whom the insurance benefits are payable; and
(3) the rights and conditions specified by Sections
1131.110 - 1131.112.
By agreement between the insurer and the policyholder, the
certificate of insurance may be delivered electronically.
SECTION 2. This Act takes effect September 1, 2003.