Texas § IN.1131.703 - INSURANCE FOR LIABILITIES RELATED TO FRINGE BENEFITS

Full text of Texas The Texas Constitution § IN.1131.703 — INSURANCE FOR LIABILITIES RELATED TO FRINGE BENEFITS, with citation guidance and answers to common questions.

§ IN.1131.703. INSURANCE FOR LIABILITIES RELATED TO FRINGE BENEFITS

INSURANCE FOR LIABILITIES RELATED TO FRINGE BENEFITS. (a) Notwithstanding any other law, an employer may insure the lives of the employer's officers, directors, employees, and retired employees under Section 1131.064 to and in an amount necessary to provide funds to offset liabilities related to fringe benefits. (b) An employer shall submit evidence of the purpose of the policy to the commissioner. (c) A policy issued for the purpose described by this section does not reduce any other life insurance benefits offered or provided by the employer. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003. SUBCHAPTER P. WHOLESALE, FRANCHISE, OR EMPLOYEE LIFE INSURANCE POLICIES: ADDITIONAL REQUIREMENTS

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § IN.1131.703

What does The Texas Constitution § IN.1131.703 cover?

Section IN.1131.703 ("INSURANCE FOR LIABILITIES RELATED TO FRINGE BENEFITS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § IN.1131.703?

A common citation format is "The Texas Constitution § IN.1131.703" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § IN.1131.703 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

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