GroundRules
Tex. Insurance Code § 1131.353: AMOUNTS OF INSURANCE.
Where this section sits in the code
- 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 H. GROUP TERM LIFE INSURANCE POLICIES EXTENDED TO SPOUSES AND CHILDREN OF EMPLOYEES OF UNITED STATES: ADDITIONAL REQUIREMENTS
(a) The amounts of insurance under the policy must be based on a plan that precludes individual selection by the insured employees or by the policyholder.
(b) Group term life insurance on the life of an employee's spouse may not exceed the lesser of:
(1) $10,000; or
(2) one-half of the amount of insurance on the life of the insured employee under the group policy.
(c) Group term life insurance on the life of an employee's minor child may not exceed $2,000.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Collected 2026-08-27T01:47:21Z. Source file · JSON