(a) A voluntary association may obtain for any class of the association's membership and for the class's dependents a group policy of:
(1) life insurance;
(2) health insurance;
(3) accident insurance;
(4) accidental death or dismemberment insurance; or
(5) hospital, surgical, or medical expense insurance.
(b) The association may obtain a separate policy for each type of insurance listed under Subsection (a).
(c) The association is the policyholder.