Texas Insurance Code 1251.051 – Employers
Current as of: 2024 | Check for updates
|
Other versions
(a) For purposes of this section, “employee” includes:
(1) an officer, manager, or employee of the employer;
(2) an individual proprietor or partner, if the employer is an individual proprietorship or partnership;
(3) an officer, manager, or employee of a subsidiary or affiliated corporation; and
(4) an individual proprietor, partner, or employee of an individual or firm, if the business of the employer and the individual or firm is under common control through stock ownership, contract, or otherwise.
(b) A policy issued to insure employees of a public body may provide that the term “employee” includes an elected or appointed officer of the body.
Terms Used In Texas Insurance Code 1251.051
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Trustee: A person or institution holding and administering property in trust.
(c) A policy issued to the trustees of a fund established by an employer may provide that the term “employee” includes a trustee, an employee of the trustees, or both, if the person‘s duties are principally connected with the trusteeship.
(d) A group accident and health insurance policy may be issued to an employer or trustees of a fund established by an employer to insure the employer’s active and retired employees for the benefit of persons other than the employer.
(e) The employer or the trustees of a fund established by an employer are the policyholder under a policy to which this section applies.