Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 7. LIFE INSURANCE AND ANNUITIES |
Subtitle B. GROUP LIFE INSURANCE |
Chapter 1131. GROUP LIFE INSURANCE AND WHOLESALE, FRANCHISE, OR EMPLOYEE LIFE INSURANCE |
Subchapter Q. EXTENSION OF GROUP LIFE INSURANCE TO SPOUSES AND CHILDREN |
Sec. 1131.804. AMOUNTS OF INSURANCE
Latest version.
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(a) The amounts of insurance under the policy must be based on a plan that precludes individual selection by the insured or the policyholder.
(b) The amount of insurance on the life of the spouse or a child may not exceed the amount of insurance for which the insured is eligible under the policy.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.