Creditors

Tex. Insurance Code § 1131.057, under Chapter 1131.

Tex. Insurance Code § 1131.057

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