By: Farabee (Senate Sponsor - Averitt) H.B. No. 1799
(In the Senate - Received from the House May 7, 2003;
May 9, 2003, read first time and referred to Committee on State
Affairs; May 23, 2003, reported favorably by the following vote:
Yeas 6, Nays 0; May 23, 2003, sent to printer.)
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.
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