Section 1251.053 - Funds Established By Employers, Labor Unions, or Associations(a) A group accident and health insurance policy may be issued to the trustees of a fund established by two or more employers in the same or related industry, by one or more labor unions, by one or more employers and one or more labor unions, or by an association described by Section 1251.052 to insure the active and retired employees of the employers, members of the union or association, or employees of the association for the benefit of persons other than the employers, union, or association.(b) A policy issued to the trustees of a fund established by employers or a labor union or association may provide that the term "employee" includes: (1) an officer or manager of the employer;(2) an individual proprietor or partner, if the employer is an individual proprietorship or partnership; or(3) a trustee, an employee of the trustees, or both, if the person's duties are principally connected with the trusteeship.(c) The trustees of a fund established by employers or a labor union or association are the policyholder under a policy to which this section applies.Tex. Ins. Code § 1251.053
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. 4/1/2005.