PRINCIPALS.
Tex. INS Code § 1131.056.
in effect(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.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.